Chinese media reports say Foxconn is ramping up wages ahead of iPhone 17

  • Foxconn's Zhengzhou factory has been offering heavy incentives since late July to attract staff
foxconn AAPL iphone 17

Apple is expected to release the new iPhone 17 series on September 9th (US time). Foxconn in China is the main contract manufacturer.

Foxconn is ramping wages higher to attract workers in order to hit shipment targets:

  • media reports indicate that employees at Foxconn's Zhengzhou plant are "working overtime every day."
  • factory launched a series of recruitment activities at the end of July
  • regular workers have received a personal bonus of RMB 5,400
  • dispatched workers an "unprecedented" rebate of RMB 8,000
  • after working for three months, the maximum can be hiked further

Source link.

Top Brokers

Sponsored

General Risk Warning
investingLive Premium
Telegram Community
Gain Access