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Foxconn is expanding its iPhone production capacity for mobile phone components and begins to recruit Workers in off-Season

1 cover Foxconn

Report Updated 8:25 a.m. PST with news of a new Hon Hai iPhone Plant in India. 

For Hon Hai (Foxconn) it's currently in its off-season at their Zhengzhou Science and Technology Park facility in mainland China that houses the largest iPhone plant in the world. The company has begun to recruit workers mainly to supplement manpower for mobile phone components.

According to the announcement of Zhengzhou Foxconn iDPBG, a subsidiary of Hon Hai, the Zhengzhou plant will start recruiting formal workers immediately with a close to $900 signing bonus.

It is currently the off-season for iPhone shipments, and Hon Hai continues to recruit talents in the off-season, which has attracted attention. It is understood that since Hon Hai Zhengzhou Park announced in late February to expand the production capacity of mobile phone components such as glass backplanes, it needs to make up for the manpower gap, so this recruitment plan was launched. For more on this, read the full United Daily News report.

In related news, the South China Morning Post reports that earlier today, Foxconn forecasted flat sales for 2023 after reporting a Q4-22 profit miss due to China's harsh lockdown policies which led to riots at their plant and a loss of iPhone 14 Pro production.

Foxconn, the world’s largest electronics contract manufacturer, offered a forecast of slumping consumer electronics demand this year, offset by an uptick in expected sales of cloud and networking products, personal computers and other components.

Beyond Apple’s range of smartphones and Mac computers, Foxconn assembles high-end electronics for large and small customers and is vulnerable to slumps in consumer or enterprise demand. Demand for the iPhone has already slipped, with Foxconn reporting February sales were 12 per cent lower this year.

Lastly, in yet another report, Hon Hai's Chairman Liu Yangwei recently met with India's Prime Minister Narendra Modi to show him the layout of their new Indian plant. Yangwei  also emphasized that he will continue to build an ecosystem in India so that Hon Hai’s shareholders can share, cooperate and prosper together.

1 cover Hon Hai Chairman + Indian Prime Minister

It was recently reported that Hon Hai plans to invest about US$700 million (equivalent to NT$21.623 billion) to build a new factory in India, near the airport in Bangalore, the capital of Karnataka, which may assemble Apple products. For more news, read the full report by UDN

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