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Taiwan-based network device makers Arcadyan Technology, Sercomm, and Accton Technology are all keen on their capacity expansions in Southeast Asia despite the existing economic downturn, according to sources from the upstream supply chain.
Hon Hai Precision Industry (Foxconn) reiterated its previous estimate of sequential and year-over-year revenue declines for the second quarter.
India has seen its number of industrial robots installed rise by over 50% during Indian PM Narendra Modi's "Make in India" campaign, while Apple is relatively resilient in India's declining smartphone shipments.
As the weak consumer demand and high inventory persist, India saw its lowest smartphone shipments in four years, with Xiaomi and Realme experiencing a double-digit fall for the past quarter.
Despite the macroeconomic and industrial headwinds, including foreign exchange fluctuations, Apple's financial performance for the past quarter was still in line with expectations.