Foxconn Technology becomes the largest smartphone assembly hub

Foxconn Technology will invest 37.5 billion yuan (US$5.74 billion) to expand its facilities in Nanjing, China. It will become the largest smartphone assembly worldwide and a hub for research and development. Deputy general manager Zheng Naijian signed a contract on September 12 with Nanjing’s deputy…

A Foxconn led alliance makes a $19 billion bid for Toshiba Memory

Nikkei Asian Review reported iPhone assembler Hon Hai Precision Industry (or Foxconn Technology Group) is offering 2.1 trillion yen ($19.6 billion) for the chip unit of the Japanese conglomerate Toshiba Corporation. Foxconn says Toshiba Memory bid includes Apple, Kingston and SoftBank. In this bid Foxconn is…

Wisconsin taxpayers deceived by clueless politicians about Foxconn

Foxconn has been responsible for some of the most reprehensible labor practices of the twenty-first century, but not only in China. Read this interesting article of Richard Maxwell and Toby Miller about this transnational Taiwanese corporation and it’s dubious management worldwide. If you want to believe…

Foxconn eyeing swing states for U.S. manufacturing plant

Taiwan-based Foxconn plans to invest $7 billion in a U.S. manufacturing facility. Where it places its factory has as much to do with politics as business. Foxconn said it’s evaluating potential locations and discussing options with government officials in the United States. Bringing display manufacturing…

Foxconn has plans to invest up to $5 billion in India

Foxconn has firmed up plans to invest up to $5 billion in India. As it looks to make the country a parallel manufacturing hub to China for export to key markets across Europe and the US. Read the full article here.

Inside ‘Foxconn city’

Journalist Brian Merchant managed to enter Foxconn’s Longhua complex in Shenshen, China, home to around 450.000 workers. The Longhua complex received a lot of media attention in 2010, when employees committed suicide by jumping off the high buildings. Unfortunately, not much has changed since then….

Chinese interns used as cheap labour at assembly lines

Chinese interns used as cheap labour at assembly lines

Companies like Foxconn and Honda are increasingly depending on interns as cheap workforce. Interns do the same work as regular employees, but are paid lower wages and receive less social security and welfare benefits. Because of the exclusionary university exam system, many Chinese students are…