Tag Archives: Foxconn
Foxconn Facility Now Being Constructed In Zhengzhou
A Foxconn Technology Group factory is being constructed at the Henan Province in China. The Taiwanese company is moving its operations closer to inland China. The factory cost about $100 million to build and it is owned by Futaihua Precision Electronics (Zhengzhou) Co. Ltd. This factory will be used to mostly build the Apple iPhone.
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Categories Apple Inc., Apple iPhone, Foxconn
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Foxconn Hopes To Curb Problems By Stopping Suicide Compensation
Foxconn will no longer provide suicide compensation to families of dead employees. The company believes this will help curb suicides from happening in the first place. Foxconn CEO Terry Gou said that when an employee commits suicide, the family is given money that is equivalent to 10 years of salary. This may have been a major motivation of the suicides.
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Categories Foxconn, Terry Gou
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Foxconn Increasing Pay By 66%, Depending On Performance
Controversial Chinese manufacturing company Foxconn has increased wages by 66%. The Chinese company has received pressure to make changes due to 11 recent employee suicides. First 20% increase was offered, then 30%, and even Apple offered to help out too.
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Categories Foxconn
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Foxconn Increasing Wages In Order To Discourage Suicides
Hon Hai Precious Industry, parent company of Foxconn announced a wage increase by about 20% for employees at the Foxconn division in China. Employee wages will be increased from $131 per month to $157 per month.
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Categories Foxconn, Hon Hai Precision Industry
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Apple: Saddened And Upset By The Recent Suicides at Foxconn
Apple has sent out a public statement about the worker suicides that are happening at Chinese iPod and iPhone manufacturing plant Foxconn. Foxconn is a subsidiary of Hon Hai Precision Industry. HP, Dell, and other tech companies also has work done by Foxconn.
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Categories Apple Inc., Foxconn, Hon Hai Precision Industry, Steve Dowling
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24 Million iPhone 4Gs To Ship This Year [REPORT]
Digitimes Research analyst Ming-Chi Kuo estimates that manufacturing company Foxconn has about 24 million Apple iPhone 4G units ready for shipping in 2010. Foxconn will ship 4.5 million units in the first half and 19.5 million units for the rest of 2010.
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Categories Apple iPhone 4G, Foxconn, iPhone 4G, Ming-Chi Kuo
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Foxconn Paying Family Of Suicidal Man $52,600 Plus $4,000 Per Year
Last week a man at the Foxconn plant committed suicide because an iPhone prototype went missing. Foxconn is a manufacturing plant that builds gadgets for Nintendo, HP, and Apple. Due to the man killing himself over an incident that took place at work, the company will be giving compensation to his family. The suicidal man’s family will receive $52,600 plus $4,000 per year afterwards. The man’s girlfriend was also given an Apple laptop.
Twenty five year old Sun Danyong jumped off a high-rise apartment in South China last week after executives at Foxconn questioned him about where an iPhone prototype had gone missing. Sun was responsible for sending the phone to Apple. Critics have also blamed this incident on Apple’s devotion to secrecy on all of their products until release date.
Foxconn’s suspended security chief Gu Qinming admitted to once grabbing Sun by the shoulder, but denied ever beating him. Before committing suicide, Sun claimed that security at Foxconn had beat and abused him.
Earlier this month, Bloomberg also reported that 45 out of 83 of Apple’s factories in China did not pay adequate overtime pay. Twenty three of those factories paid workers less than minimum wage. Apple has been working on ensuring fairer practices to their factory workers overseas.
Categories Apple Inc., Foxconn, Gu Qinming, Sun Danyong
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iPhone Plant Worker Commits Suicide After New iPhone Prototype He Was Responsible For Goes Missing
A 25 year old worker at Chinese manufacturer Foxconn killed himself last week after a 4G iPhone prototype he was responsible for went missing. He jumped off a 12 story building. Foxconn is one of Apple’s manufacturing partner in China. The company manufactures iPhones and iPods for Apple.
Sun Danyong, the man who killed himself, was responsible for 16 iPhone prototype models. When one of the models went missing, company security supposedly used inappropriate interrogation methods to find out where the phone went. Methods such as searching his house and holding him in solitary confinement were used.
Apple likes to keep things secret. So the company’s suppliers, partners, and employees are under great pressure to keep new products secret.
UGobe Inc. Files For Chapter 7 Bankruptcy
Just like the creatures that Ugobe Inc. models their toys after, the company may go extinct. Ugobe makes the Pleo dinosaur robotic toy. It received a lot of media coverage back in 2003 when the toy was first released. Caleb Chung, inventor of the Furby founded Ugobe. The Furby sold about 50 million units in the 90′s.
The Pleo sells for $350 which was too high for consumers. In 2008, Ugobe made about $19.2 million in revenue, but that dropped to $209,000 in the first quarter of 2009. The Chapter 7 bankruptcy was filed in Idaho where the company is based. The company moved from Emeryville to Idaho last year. Ugobe has $1.64 million in assets and $3.56 in liabilities.
The dinosaur Pleo toys have the ability to bark and shake. They are intended to respond similarly to real pets.
The company previously raised three rounds of funding which amounted to about $23.75 million. All of the venture capital companies involved with Ugobe were Asia-based. The first round was $2.75 million by Frontier Management Group, First Round Capital, and Softbank China Holdings President Chauncey Shey. The $8.5 million second round was by Maxima Capital. And the third round $12.5 million was led by Hyield Venture Capital, a division of Foxconn.