Malaysian tech firm Dagang NeXchange Berhad announced on Tuesday that it has signed a memorandum of understanding (MOU) with Big Innovation Holdings Limited, a subsidiary of major Apple supplier and iPhone assembler Foxconn.
On Monday, Foxconn, one of the important foundries of Apple, said its Kunshan subsidiary has suspended its operations due to pandemic prevention and control measures put into place.
Hon Hai Technology Group, the parent company of electronics giant Foxconn, issued a statement regarding future investment in Indonesia, with the electric vehicle and battery industries at the core.
The race to become the leader of clean energy vehicles in the world’s largest auto market is on, with more and more tie-ups established between China’s tech giants and traditional automakers.
Hon Hai Precision Industry Co, part of Foxconn Technology Group, plans to form a joint venture with Fiat Chrysler Automobiles (FCA) to develop and produce electric vehicles in China.
China Labor Watch recently released a 51-page report detailing the labor abuses of the US tech giant Apple and one of their main suppliers for iPhone parts, Foxconn.
Foxconn Chairman Terry Gou announced in his final official appearance as chairman at the June 20 board meeting that he will resign from his position. A nine-person operations committee will take over.
