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THE TRUTH ABOUT: 15 - The Untold Story

Supply fears as China lockdown hits world’s largest iPhone factory

Foxconn plant in Zhengzhou, which which many workers have fled, now under seven-day Covid lockdown

The Guardian - UK

China closes zone around iPhone factory after virus cases

Access to an industrial zone in the central Chinese city of Zhengzhou has been suspended after the city reported 64 coronavirus cases and workers who assemble Apple Inc. iPhones left their factory in the zone following outbreaks

The Independent UK

China Imposes Covid Lockdown on Area Around iPhone Factory

Chinese authorities on Wednesday locked down the area surrounding the world's largest iPhone factory belonging to Foxconn after workers fled the facility to avoid a virus outbreak and the resulting restrictions. All people except Covid-prevention volunteers and essential workers "must not leave their residences except to receive Covid tests and…

Asharq Al-Awsat

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China imposes fresh lockdown around major Apple iPhone plant

China ordered an industrial park that houses an iPhone factory belonging to Foxconn to enter a seven-day lockdown on Wednesday, in a move set to intensify pressure on the Apple supplier as it scrambles to quell worker discontent at the base.

Reuters

Workers flee from iPhone plant fearing Covid outbreak as factory is locked down

A worker has said that the world’s largest iPhone factory "has put a chill in my heart" after he was forced to escape the compound fearing that he may too be "taken away" if he contracted Covid-19 in Zhengzhou, China

Daily Mirror

Chinese city accused of ‘performative lockdown lifting’

Residents claim Zhengzhou authorities are trying to avoid scrutiny of Covid lockdown’s severity

The Guardian - UK

China iPhone Factory under Lockdown Boosts Bonuses for Workers Who Stay

The world's largest iPhone factory in central China told staff Tuesday it would quadruple their bonuses if they remained at the plant after scores of workers fled a Covid outbreak at the facility. China is the last major economy committed to a zero-Covid strategy, persisting with snap lockdowns, mass testing…

Asharq Al-Awsat

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Shanghai Composite Index Rose 2.62% on Tuesday

Shenzhen Component Index closed up 3.24%

Caixin Global

Shanghai Disney visitors told to stay home after COVID case, Foxconn ups bonuses

Several Shanghai residents received fresh stay-at-home orders and mandatory testing notices on Tuesday as authorities raced to trace contacts linked to a COVID-positive woman whose visit to the city's Disney Resort prompted its temporary lockdown.

Reuters

Apple supplier Foxconn quadruples bonuses to staff hit by China COVID lockdown

Apple supplier Foxconn said on Tuesday it has quadrupled bonuses on offer for workers at its Zhengzhou plant in central China as it seeks to quell discontent over COVID curbs and retain staff at the giant iPhone manufacturing site.

Reuters

Visitors trapped in Shanghai’s Disney resort after lockdown announced

Videos appear to show guests rushing to locked gates as strict Covid restrictions return across China

The Guardian - UK

Workers walk out of iPhone factory, highlighting virus woes

Workers who assemble Apple Inc.’s newest iPhone walked away from a factory in central China following virus outbreaks and complaints of unsafe working conditions, highlighting the clash between the disease’s enduring risks and efforts to restore the global flow of goods

The Independent UK

Tesla Explored Minority Stake In Glencore, TuSimple Fires Its CEO Amid Regulatory Scrutiny, Twitter Could Reportedly Lose A Fourth Of Its Employees After Takeover: Top Stories Monday, Oct. 31

Washington Post

Benzinga

Fearing COVID, workers flee from Foxconn's vast Chinese iPhone plant

After enduring days of lock-in at Foxconn's vast facility in central China with 200,000 other workers, Yuan finally climbed the fences on Saturday night and escaped the complex, joining others fleeing what they feared was a widening COVID outbreak.

Reuters

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Reuters

China COVID curbs hit iPhone output, shut Shanghai Disney

China's COVID-19 curbs forced the temporary closure of Disney's Shanghai resort on Monday, while production of Apple Inc iPhones at a major contract manufacturing facility could drop by 30% in November due to coronavirus restrictions, a source told Reuters.

ABC News

Workers flee iPhone assembly factory in China after COVID-19 outbreak

Chinese authorities are hastily drawing up plans to isolate workers fleeing a COVID-19 outbreak at one of the largest iPhone assembly factories in China.

The Independent UK

Workers leave iPhone factory in Zhengzhou amid COVID curbs

Workers in a manufacturing facility in the central Chinese city of Zhengzhou appear to have left to avoid COVID-19 curbs

Reuters

Chinese cities brace for wave of Foxconn workers from COVID-hit Zhengzhou

Cities in central China hastily drew up plans to isolate migrant workers fleeing to their hometowns from a vast assembly facility of iPhone maker Foxconn in COVID-hit Zhengzhou, fearing they could trigger coronavirus outbreaks.

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The Guardian - UK

Fisker Inc founder Henrik Fisker: pedigree carmaker going electric

After a failed first attempt, the car entrepreneur has revised his design and manufacturing ideas – and will have battery-powered vehicles ready for delivery next month

Tribune News Service

Chip makers offer big investments as they jockey for federal aid

WASHINGTON — The world’s top semiconductor makers have announced in recent months long-term U.S. investments that could rise to more than $400 billion, citing support from a new federal aid program for which the rules have yet to be written.

Roll Call

Chipmakers offer big investments as they jockey for federal aid - Roll Call

The jockeying for federal money for semiconductor manufacturing has begun as global producers announce big investment plans.

Inverse

Foxconn’s new car concepts prove it wants to make the iPhone of EVs

Foxconn's new Model B concept is a hatchback, while its Model V is an electric pickup truck. Both models are eyeing a U.S. release.

InsideEVs

Apple iPhone Maker Foxconn Would Like To Build EVs For Tesla: CEO

Foxconn claims that it can cut the design time of a car in half and reduce development costs by a third for automakers wanting to use its services.

InsideEVs

Meet The Model V Electric Pickup That Foxconn Wants To Build And Sell In The US

This new electric pickup unveiled by Taiwan-based Foxconn can carry 1 ton (2,200 lbs) in its bed and tow 3 tons (6,600 lbs) behind it.

Benzinga

Complete Exit For Exxon From Russia, Microsoft's Layoffs, Another Setback For Boeing's Potential 737 MAX 7 Approval, Visa & Mastercard Under FTC Probe: Top Stories Tuesday, Oct. 18

Reuters Exxon Exits Russia Completely After Putin Seizes Company's Properties

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