Hon Hai picks new head for iPhone business - 台北時報

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Key Apple Inc manufacturing spouse Hon Hai Precision Industry Co (鴻海精密), besides known arsenic Foxconn Technology Group (富士康科技集團), has appointed a caller brag for its iPhone assembly concern aft a tumultuous twelvemonth successful China, highlighting the company’s efforts to acceptable a caller procreation of leaders to assistance it navigate a post-COVID-19 world.

Michael Chiang (蔣集恆) was archetypal identified successful his caller relation astatine Hon Hai’s yearly year-end enactment connected Sunday, succeeding longtime person Wang Charng-yang (王城陽) arsenic caput of the part liable for iPhone assembly.

Chiang was precocious promoted to main of the A concern group, arsenic Wang steps backmost to absorption connected a relation connected the board, radical acquainted with the substance said.

The assignment is portion of efforts by Hon Hai president Young Liu (劉揚偉) to elevate younger executives to support the company’s proviso concatenation enactment successful the look of increasing contention from Chinese contenders.

The institution mightiness besides look caller rivals successful India arsenic Apple seeks to further diversify its accumulation footprint pursuing pandemic-

related proviso snarls and draconian restrictions that wrought havoc connected instrumentality output successful China.

Chiang is simply a longtime Hon Hai manager who has helped the institution conscionable the precocious standards Apple requires, 1 of the radical said.

Wang, who was appointed to Hon Hai’s committee successful the summertime of past year, remains a manager and his departure from the iPhone operations relation is not connected to the COVID-19-related output disruptions the institution suffered past year, the radical said.

When the institution encountered unprecedented idiosyncratic unrest astatine its main iPhone field successful Zhengzhou, China, precocious past year, Chiang played a pivotal relation successful communicating with the section authorities and making definite Apple’s demands would beryllium satisfied, 1 of the radical said.

The assignment highlights Liu’s efforts successful the past fewer years to foster a younger radical of executives to assistance the steadfast navigate prolonged tensions betwixt Washington and Beijing, diversify its manufacturing bases extracurricular of China and fend disconnected Chinese challengers, including Luxshare Precision Industry Co (立訊精密).

Liu took implicit from laminitis Terry Gou (郭台銘) and became Hon Hai president successful 2019. Since then, helium has been filling cardinal positions with younger employees by recruiting seasoned hands externally and promoting unit internally, with Chiang being the astir high-profile assignment helium has made truthful far.

Separately, AUO Corp (友達) and Innolux Cop (群創) are offering preferential status packages for elder employees, arsenic the companies purpose to rejuvenate their workforce and displacement distant from axenic show sheet manufacturing.

Employees aged 70 years oregon older astatine AUO and 65 oregon older astatine Innolux are encouraged to use for peculiar status programs, the companies person said.

Both companies person said they would amended negociate costs and scrap capableness enlargement plans, with an purpose to clasp much currency to steer done hard times.

AUO and Innolux saw third-quarter losses widen to NT$10.43 cardinal and NT$12.75 cardinal (US$344 cardinal and US$420.6 million) respectively, arsenic sheet prices slumped amid sluggish request for PC and TV panels.

The outlook for the manufacture looks dismal, with TV sheet shipments this twelvemonth forecast to declaration 2.8 percent annually to 264 cardinal units owed to soaring ostentation worldwide and the prolonged warfare betwixt Russia and Ukraine, marketplace researcher TrendForce Corp (集邦科技) said connected Monday.

Flat-panel makers should amended power their mill utilization if they mean to instrumentality to the achromatic this year, TrendForce said.

Any irrational capableness enlargement would marque it hard to bring the supply-demand backmost to balance, it said.

Additional reporting by Lisa Wang