Apple, Foxconn to split costs of improving factory working conditions

May 10, 2012 9:34 AM Ricardo Bilton
Ricardo Bilton

Know what’s expensive? Improving the working conditions of weary Chinese factory employees.

The prominent electronics manufacturer Foxconn learned that the hard way when its efforts to improve working conditions and wages cut into its profits. Fortunately for Foxconn shareholders, Apple …

Foxconn hacked by group that says “damage is bliss”

February 9, 2012 10:48 AM Meghan Kelly
Meghan Kelly

Chinese manufacturing company Foxconn was hacked this week by a new group of “greyhat” cyber criminals who say tearing down companies is fun.

“So Foxconn thinks they got ‘em some swagger because they work with the Big Boys from Intel, …

Foxconn plans to create a million robots to replace workers within three years

July 31, 2011 11:12 AM Dean Takahashi
Dean Takahashi

Foxconn plans to replace some of its workers with 1 million robots in the next three years in order to cut rising labor expenses.

The Taiwanese manufacturing company, which makes high-profile products for companies such as Apple and Hewlett-Packard, will …