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Foxconn

Foxconn investigation finds underage interns working at Chinese factory

October 16th, 2012

After conducting an internal investigation, Foxconn (2038) issued a statement saying it discovered some of its interns at its Yantai facility in the Shandong Province were as young as 14-years-old, two years under China’s legal employment age. The company responsible for mass-producing some of the world’s most popular gadgets including the iPhone 5 told CNET in an emailed statement: “This …

Dozens injured, 20 arrested when massive riot erupts at Foxconn plant [video]

September 24th, 2012

Approximately 40 people were injured and 20 were arrested when a massive riot broke out Sunday at Foxconn’s (2038) Taiyuan plant in Northern China. Details are still conflicting, however early reports from Engadget suggest the incident began after a security guard struck a worker during anti-Japan protests at around 10:00 p.m. local time on Sunday. The plant, …

Foxconn denies forced labor reports, claims interns can leave any time

September 7th, 2012

Foxconn (2038) has denied recent reports that claim the company is forcing Chinese university students to assemble iPhones at one of its plants. The manufacturing giant revealed in a statement to Bloomberg that a recent audit by the Fair Labor Association found no evidence that any interns were pressured to participate at Foxconn’s factories in China. …

Foxconn to invest as much as $10 billion in Indonesian plant

August 15th, 2012

Foxconn (2354) is planning to invest between $5 and $10 billion over the next 5 to 10 years in a production plant in Indonesia, Reuters reported. The plant will initially be responsible for the assembly and production of an estimated three million handsets per year, according to Indonesia’s Trade Minister Gita Wirjawan. The first investment …

Foxconn looks for a board seat at Sharp as Apple HDTV nears

July 20th, 2012

Manufacturing heavyweight Foxconn (2354) is reportedly interested in acquiring board seats at Sharp Electronics (6753), DigiTimes reported on Friday. The company received three non-executive board seats at Sharp Display earlier this month after it acquired a 46.48% stake in the company, equivalent to 1.32 million shares. In response to reports that it was seeking a …

Foxconn plans $1 billion factory in Indonesia to churn out more Apple gear

July 18th, 2012

Apple (AAPL) manufacturing partner Foxconn (2354) is planning a billion-dollar factory located in Indonesia, Games Industry International reported on Wednesday. The company said it was drawn to the country over Malaysia and Vietnam due to its high rate of economic growth. Foxconn also noted that the region is “sorely in need” of formal jobs, highlighting that …

Foxconn moves to secure Apple HDTV orders, industry exec says

June 29th, 2012

Recent moves by Foxconn were made with the sole intention of securing a deal to manufacture Apple’s upcoming high-definition television, an industry executive recently claimed. Ho Chao-yang, former head of display panel supplier Chimei Innolux and current chairman of Chi Mei Materials Technology, told Digitimes on Friday that Foxconn’s recent investment in Sharp was aimed squarely …