Skip to content
Search

Latest Stories

Fire: Apple supplier Foxlink unlikely to resume full India operations for two months

Fire: Apple supplier Foxlink unlikely to resume full India operations for two months

APPLE supplier Foxlink's factory in southern India is unlikely to resume full operations for two months after a fire incident, raising concerns of supply chain disruptions for the iPhone maker, a source with direct knowledge told Reuters on Tuesday (28).

The facility in India's Andhra Pradesh state, where Foxlink makes charging cables for iPhones, was engulfed in a massive fire on Monday (27) that led part of the building to collapse to the ground. There were no casualties.

A source with direct knowledge said that Foxlink operates a total of 10 assembly lines in two separate facilities at the plant in Andhra, of which four were completely damaged and unlikely to resume operations for two months.

The remaining six assembly lines will resume operations later this week as even though they were unaffected by the fire incident, they cannot be operated due to damage to IT servers.

A second source familiar with the developments said that Foxlink was a key supplier for Apple in India, and "there could be potential supply chain disruptions for iPhones made in India or shipped from India."

Apple and Foxlink did not immediately respond to requests for comment. The root cause of the incident is still being investigated, the first source added.

(Reuters)

More For You

Surat-diamond-Reuters

Craftsmen work on diamonds at a diamond processing unit in Surat, India, August 15, 2025. (Photo credit: Getty Images)

Getty Images

Tariff surge threatens one-third of India’s diamond exports

THE SURAT Diamond Bourse, billed as the world's largest office complex and bigger than the Pentagon, remains largely empty with only a few traders working.

Business has slowed, and the outlook is uncertain.

Keep ReadingShow less
Earn $7k/day through mining contracts by Bitcoin (BTC) plummets, BTC holders

Earn $7k/day through mining contracts by Bitcoin (BTC) plummets, BTC holders

Bitcoin whale dumped 24,000 BTC, triggering a flash crash that sent the price plummeting by $110,000. This depressed market sentiment, led to the liquidation of numerous leveraged long positions, and intensified short-term selling pressure.

At the same time, GoldenMining launched a new Bitcoin mining contract to mitigate the risk of Bitcoin's price decline and help Bitcoin holders earn daily returns.

Keep ReadingShow less
From office workers to freelancers, users around the world use GoldenMining to earn $2,500 a day

From office workers to freelancers, users around the world use GoldenMining to earn $2,500 a day

Have you ever thought about making money from cryptocurrency without any technical knowledge, equipment, or time commitment? It's not about speculation or scalping, but rather a more stable and simple method: cloud mining.

The GoldenMining platform is designed specifically for everyday users like you. You don't need professional background, mining equipment, or even a server. With just a mobile phone or computer and a small investment, you can automatically participate in mining mainstream cryptocurrencies like Bitcoin (BTC), Dogecoin (DOGE), and Litecoin (LTC), with daily profits automatically deposited into your account.

Keep ReadingShow less
Anil Ambani

Ambani, the younger brother of Asia’s richest man Mukesh Ambani, has business interests across sectors including power and defence. (Photo: Reuters)

India’s federal investigator files fraud case against Anil Ambani

INDIA's federal investigator, the Central Bureau of Investigation (CBI), has registered a criminal case against tycoon Anil Ambani following a complaint from the State Bank of India (SBI) alleging fraud, the agency said on Saturday.

Ambani, the younger brother of Asia’s richest man Mukesh Ambani, has business interests across sectors including power and defence.

Keep ReadingShow less
XRP Trader Earns $17K/Day Through Ripple (XRP) Contracts

XRP Trader Earns $17K/Day Through Ripple (XRP) Contracts

As one of the most prominent altcoins, XRP's greatest strength lies in its design for cross-border payments. Compared to traditional bank wires, XRP transactions are much faster, typically taking only seconds, and come with minimal fees. This makes it an ideal choice for financial institutions conducting international transfers.

Based on this feature, GoldenMining has launched contracts that support XRP mining. Users only need to use XRP to purchase contracts to join mining and receive daily income.

Keep ReadingShow less