Foxlink (or Cheng Uei Precision Industry) is looking at the same revenue numbers as 2022, but with better gross margin and gross profit. It is also increasing its non-China-based production to up to 20% in the coming three years, said Tai-Chiang "T.C." Gou, the chairman of Foxlink at the company s shareholder meeting on May 31.
Foxlink was engulfed in a massive fire on Monday that led part of the building to collapse, but there were no casualties. The company said in a statement to the Taiwan stock exchange, that it is investigating the cause of the fire and working hard to resume production.
India s Andhra Pradesh state has launched an investigation into what caused a fire at the factory of Apple supplier Foxlink that led to the collapse of part of the building and disrupted. | March 1, 2023
The massive fire halted production at the facility that manufactures charging cables for Apple s iPhones. It could take up to two months to resume production.