- Beijing-based JA Solar plans US factory in Phoenix, Arizona to allow US customers to access its products
- New plant will be able to produce 2GW of solar panels annually when fully operational in the fourth quarter this year: statement
Samsung profit slumps by most in decade on weak demand for memory chips
Profit slumped last quarter by the most in more than a decade as memory chip prices crashed. Samsung may have to rein in capital expenditure to conserve cash, Citigroup says.
China meets with US firms as it seeks to restore confidence, boost growth
China’s top economic planning agency met with US multinationals including ExxonMobil, Boeing, Cargill and Emerson Electric this week, signalling it is eager to restore market confidence after the 20th party congress.
Foxconn woos fleeing workers with US$70 subsidy as exodus hits iPhone capacity
Foxconn is offering workers who fled its Zhengzhou compound a subsidy of US$70 to return to work as the world’s largest iPhone factory tries to limit fallout from a Covid-19 lockdown.
Apple warns of iPhone delays due to Covid chaos at Foxconn’s Zhengzhou factory
Apple has broken its silence on the Covid-19 chaos at the Foxconn plant in Zhengzhou, saying production and holiday shipments of the iPhone 14 Pro and Pro Max lines will be affected.