Foxconn Technology Group (富士康科技集團), targeted by labor groups for criticism over its working conditions, is seeking a safety and security officer, a lifestyle services manager and two fire chiefs for a China unit that supplies Apple Inc.
Foxconn’s Integrated Digital Products Business Group advertised the positions in Shenzhen, China, on human resources Web site cjol.com. The group is one of two Foxconn units that supply Apple.
Apple, which contracts Foxconn to make its iPhones and iPads, in January became the first tech firm to join the Fair Labor Association (FLA), opening up suppliers’ factories to inspections by the Washington-based group after complaints from human rights organizations.
The group found “tons of issues,” while also seeing “dramatic” improvements, FLA CEO Auret van Heerden said last month.
Foxconn employs more than 1.2 million people in 18 countries, most of them in China.
Apple, criticized by organizations such as China Labor Watch for conditions at its suppliers, has said infractions occurred including excessive overtime and environmental violations. It didn’t specify which companies breached its supplier code of conduct.
Foxconn last month raised the base pay for junior workers by as much as 25 percent and said it pays wages higher than government mandates.
The lifestyle manager will be responsible for conditions at the company’s dormitories, canteens and health departments, according to the advertisement.
The safety and security post requires a college degree in criminal investigation or legal- related disciplines, while the fire chiefs must have at least four years of related experience.
EARLY TALKS: Measures under consideration include convincing allies to match US curbs, further restricting exports of AI chips or GPUs, and blocking Chinese investments US President Donald Trump’s administration is sketching out tougher versions of US semiconductor curbs and pressuring key allies to escalate their restrictions on China’s chip industry, an early indication the new US president plans to expand efforts that began under former US president Joe Biden to limit Beijing’s technological prowess. Trump officials recently met with their Japanese and Dutch counterparts about restricting Tokyo Electron Ltd and ASML Holding NV engineers from maintaining semiconductor gear in China, people familiar with the matter said. The aim, which was also a priority for Biden, is to see key allies match China curbs the US
The popular Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) arbitrage trade might soon see a change in dynamics that could affect the trading of the US listing versus the local one. And for anyone who wants to monetize the elevated premium, Goldman Sachs Group Inc highlights potential trades. A note from the bank’s sales desk published on Friday said that demand for TSMC’s Taipei-traded stock could rise as Taiwan’s regulator is considering an amendment to local exchange-traded funds’ (ETFs) ownership. The changes, which could come in the first half of this year, could push up the current 30 percent single-stock weight limit
NOT TO WORRY: Some people are concerned funds might continue moving out of the country, but the central bank said financial account outflows are not unusual in Taiwan Taiwan’s outbound investments hit a new high last year due to investments made by contract chipmaker Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) and other major manufacturers to boost global expansion, the central bank said on Thursday. The net increase in outbound investments last year reached a record US$21.05 billion, while the net increase in outbound investments by Taiwanese residents reached a record US$31.98 billion, central bank data showed. Chen Fei-wen (陳斐紋), deputy director of the central bank’s Department of Economic Research, said the increase was largely due to TSMC’s efforts to expand production in the US and Japan. Investments by Vanguard International
‘SACRED MOUNTAIN’: The chipmaker can form joint ventures abroad, except in China, but like other firms, it needs government approval for large investments Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) needs government permission for any overseas joint ventures (JVs), but there are no restrictions on making the most advanced chips overseas other than for China, Minister of Economic Affairs J.W. Kuo (郭智輝) said yesterday. US media have said that TSMC, the world’s largest contract chipmaker and a major supplier to companies such as Apple Inc and Nvidia Corp, has been in talks for a stake in Intel Corp. Neither company has confirmed the talks, but US President Donald Trump has accused Taiwan of taking away the US’ semiconductor business and said he wants the industry back
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