Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Hamas: We hold occupation fully responsible for activists' safety, and call on UN and international organizations to condemn this crime.
Hamas: We salute the free people of multiple nationalities who stood headstrong against threats, confirming that Gaza does not stand alone.
Hamas: Interception of Madleen mid-sea is organized state terrorism, a flagrant violation of international law, and an assault on civilian volunteers.
Reuters: Injuries reported in explosion at Kadena Air Base in Japan
Israeli media: The Israeli army took control of the Madleen ship and arrested the activists.
Freedom Flotilla Coalition: IOF have boarded the Madleen ship and communication with the ship was lost.
Israeli media: The Israeli occupation forces have begun storming the Madleen.
Reuters: The Freedom Flotilla Coalition sounds the alarm on the Madleen ship heading to Gaza in anticipation of being intercepted by the Israeli occupation.
Israeli media: Finance Minister Smotrich announces the opening and commencement of construction of a new settlement in Jabal Abu Rubin, near Beitunia in the West Bank.
Local Syrian sources to Al Mayadeen: Clashes between local fighters and Israeli occupation soldiers around the Maariyah barracks in the far western Daraa countryside.

Foxconn expects better supply chain in 2022's 2nd half

  • By Al Mayadeen English
  • Source: Agencies
  • 31 May 2022 17:10
2 Min Read

Taiwanese electronics manufacturer Foxconn expects improvements in its supply chain in the second half of this year and aims to capture around 5% of the global EV market by the end of 2025.

  • x
  • Foxconn expects more stable supply chain in 2022's 2nd half
    People wear masks against the Covid-19 while attending the annual general meeting at the lobby of Foxconn's office in Taipei, Taiwan, on June 23, 2020 (Photo: Ann Wang, reuters)

The world's biggest contract electronics maker, Taiwan's Foxconn, said Tuesday that the year's second half is heading "in a better direction" as Shanghai's Covid-19 lockdown appears to be easing.

"We are quite confident in the stability of our supply chain for the second half of this year," Foxconn chairman Liu Young-way said at the annual shareholder meeting.

The Shanghai government will allow all residents in 'low-risk' places to go back to work starting Tuesday.

Foxconn is seeking to become the first electric vehicle (EV) maker "not short on material supplies", according to Liu, referring to a prolonged global chip shortage that has obliged carmakers to halt production and hurt smartphone production including Apple Inc.

Related News

Honduras makes official request to join BRICS-led NDB

Tesla's Musk praises China's 'vitality' on Beijing visit

"A car that costs tens of thousands of dollars cannot be shipped because of a tiny chip worth fifty cents. This has been a pain for our customers," he said.

Foxconn is also aiming to capture around 5% of the global EV market by the end of 2025 and has said it is hoping to increase its capacity to make electric vehicles' chips, many of which are small lower-end integrated circuits including those used in power management.

The company had earlier this month warned that due to rising inflation, revenue for its electronics business including smartphones could slip this quarter, cooling demand and escalating supply chain issues partly due to lockdowns in China.

Foxconn reiterated that while China's strict Covid-19 restrictions had only a small impact on production as it kept workers on-site in a "closed-loop" system, demand for its products in the country has suffered as people remain locked in their houses.

Foxconn's shares closed up 2.3%, outperforming a 1.2% rise in the broader market. So far, they have gained 8.7% this year, giving the company a market value of $52.3 billion.

  • Shanghai
  • Taiwan
  • COVID-19 pandemic
  • COVID-19
  • Faxconn

Most Read

The logo of the Iranian Ministry of Intelligence (wikidata)

Iran acquired thousands of sensitive Israeli documents: Exclusive

  • Politics
  • 7 Jun 2025
A Palestinian woman mourns as she embraces the body of her daughter Mayar Abu Odeh, 8, who was killed in an Israeli army strike on Gaza. at Al-Shifa Hospital in Gaza City, Wednesday, June 4, 2025. (AP)

French port workers block arms shipment to 'Israel' amid Gaza genocide

  • Politics
  • 4 Jun 2025
New Syrian group claims Golan strike, vows resistance to 'Israel'

New Syrian group claims Golan strike, vows resistance to 'Israel'

  • Politics
  • 4 Jun 2025
Iranian demonstrators walk on a caricature of the Israeli Prime Minister Benjamin Netanyahu during the annual Quds Day rally in support of Palestinians, in Tehran, Iran, Friday, March 28, 2025 (AP)

Iran hits 'Israel' hard without arms; intel breach lays Tel Aviv bare

  • Politics
  • 7 Jun 2025

Coverage

All
War on Gaza

Read Next

All
Climate activist Greta Thunberg, center, waits to board the Madleen boat, before setting sail for Gaza along with activists of the Freedom Flotilla Coalition, departing from the Sicilian port of Catania, Italy, Sunday, June 1, 2025 (AP)
Politics

Gaza aid vessel vows to continue until final moment

A view of the Knesset through the entrance window. (Agencies)
Politics

Haredi parties push for Knesset dissolution, call PM 'a burden'

Palestinians carry the body of Ahmed Abu Hilal, who was killed while on his way to an aid hub in Gaza, during his funeral in Khan Younis, in the southern Gaza Strip, on Sunday, June 8, 2025 (AP)
Politics

US 'aid centers' in Gaza are deadly traps: Palestinian Resistance

An aerial view shows sections of the columns in the ancient city of Palmyra, Syria, Saturday, January 25, 2025 (AP)
Arts and Culture

Syria’s ancient sites looted as artifacts flood online markets

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS