China has accused the US of infiltrating Huawei Technologies servers beginning in 2009.
Author: Debby Wu
Foxconn increased revenue by only 3.9% last quarter, underscoring how fears of a recession are crimping demand for iPhones and other consumer electronics.
Taiwan’s TSMC reported quarterly profit that exceeded analysts’ estimates, even as the chip industry braces for a potential recession.
Foxconn Technology Group has brought the world’s largest iPhone plant to about 90% of anticipated peak capacity.
Tata Group is in talks with a Taiwanese supplier to Apple to establish an electronics manufacturing joint venture in India.
Apple has asked suppliers to build at least as many of its next-generation iPhones this year as in 2021.
Taiwan’s TSMC reported better-than-expected quarterly revenue, providing another signal that electronics demand is holding up better than feared.
Apple is planning to keep iPhone production roughly flat in 2022, a conservative stance as the year turns increasingly challenging for the smartphone industry.
Smartphone shipments fell 11% in the first quarter, the worst drop since the coronavirus outbreak, according to Canalys.
Widespread Chinese lockdowns have begun to exact a toll on global supply chains. Even Apple has been unable to avoid the ructions.