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Foxconn tells hundreds of Chinese staff to return from India, Bloomberg says
Foxconn tells hundreds of Chinese staff to return from India, Bloomberg says

Yahoo

time6 hours ago

  • Business
  • Yahoo

Foxconn tells hundreds of Chinese staff to return from India, Bloomberg says

Apple's (AAPL) biggest assembly partner, Foxconn, (HNHPF) has ordered more than 300 of its Chinese employees to return home from its iPhone factories in India, Bloomberg's Sankalp Phartiyal, Debby Wu, and Mark Gurman report. The employees told to return account for the bulk of Foxconn's staff in its iPhone facilities in India, and only Taiwanese support staff remain in the country, people familiar with the matter say. Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See the top stocks recommended by analysts >> Read More on AAPL: Disclaimer & DisclosureReport an Issue Video: Apple edges higher, Centene plummets in early trading Jefferies Upgrades Apple Stock (AAPL) to Hold, But Stays Cautious as 'AI Is Not Yet a Game Changer' Nvidia Stock (NVDA) Nears $4 Trillion Market Cap as AI Trade Accelerates Closing Bell Movers: Centene down 24% after pulling 2025 guidance Apple Sues (AAPL) Former Employee for Stealing Company Secrets Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Amazon Aims for ‘Fast and Faster' in India as Quick Commerce Surges
Amazon Aims for ‘Fast and Faster' in India as Quick Commerce Surges

Bloomberg

time2 days ago

  • Business
  • Bloomberg

Amazon Aims for ‘Fast and Faster' in India as Quick Commerce Surges

Welcome to Tech In Depth, our daily newsletter about the business of tech from Bloomberg's journalists around the world. Today, Sankalp Phartiyal looks at the task ahead for Amazon as it tries to keep pace with local upstarts offering far faster delivery in the hotly competitive Indian market. Meta's AI restructure: Mark Zuckerberg announced that Meta's AI efforts will fall under a new group called Meta Superintelligence Labs. 'I believe this will be the beginning of a new era for humanity, and I am fully committed to doing what it takes for Meta to lead the way,' Zuckerberg wrote in an internal post.

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