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
Al Mayadeen's correspondent: The Lebanese Army is continuing its investigations and will later announce any information that does not affect the confidentiality of the investigation
Al Mayadeen's correspondent: It has not yet been determined whether the detainees belong to ISIS or another organization
Al Mayadeen's correspondent: Around 10 people of different nationalities, including Lebanese nationals, were detained
Al Mayadeen's correspondent: The Lebanese army arrested a number of people in the Matn area of Mount Lebanon with possession it has not disclosed
Gaza Civil Defense spokesman: We have strong indications that there are martyrs, injuries, and trapped people in the Salah al-Din area
Gaza Civil Defense spokesman: Citizens should avoid Salah al-Din Street because anyone who approaches it is at risk of being directly targeted
Gaza Civil Defense spokesman: Reality is that there is a very limited retreat of the vehicles, with the occupation forces providing cover undeer fire up to Salah al-Din Street
Gaza Civil Defense spokesman: Claims that the Israeli occupation has withdrawn from areas in the neighborhoods of al-Zaytoun, al-Tuffah, and al-Shujaiya are false
Hamas: The two delegations stressed that any negotiations must lead to the achievement of our people's goals and aspirations, foremost among which is ending the war and the complete withdrawal of enemy forces
Hamas: A delegation from the Hamas leadership, led by the head of the leadership council, Mohammad Darwish, met with an Islamic Jihad delegation, headed by its Secretary-General, Ziyad al-Nakhalah

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

Hezbollah SG reveals war details on Al Mayadeen for the first time

Hezbollah SG reveals war details on Al Mayadeen for the first time

  • Politics
  • 8 Jul 2025
Major ambush in Gaza kills 6 Israeli troops, injures dozens

Major ambush in Gaza kills 5 Israeli troops, injures 14

  • Politics
  • 8 Jul 2025
Israeli soldiers are seen in Beit Hanoun ahead of an operation by the al-Qassam Brigades, undated (Al-Qassam Brigades Military Media)

'Israel' on blast as media exposes report discrepancies in Gaza ambush

  • Palestine
  • 8 Jul 2025
Yemeni air defenses repel substantial part of Israeli aggression

Yemeni air defenses confront Israeli aggression on Hodeidah

  • Politics
  • 7 Jul 2025

Coverage

All
The Ummah's Martyrs

Read Next

All
The Freedom Flotilla ship Handala as it departs for Gaza, where it aims to break the maritime blockade at a port in Syracuse, Sicily in southern Italy on July 13, 2025. (AFP)
Palestine

Freedom Flotilla's Handala departs Sicily in bid to break Gaza siege

The container ship CMA CGM Laperouse, left, docks at the Georgia Ports Authority's Port of Savannah, Sept. 29, 2021, in Savannah, Ga (AP)
Politics

US shipbuilding woes deepen as tariffs, outdated policies backfire

Gaza war raises ethical questions for ex-Obama, Biden officials
Politics

Mercenary firm tied to Gaza war crimes hires Obama-Biden PR operatives

'Israel' targets children in Gaza collecting water
Palestine

'Israel' strikes Gaza kids fetching water, blames it on 'malfunction'

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