Tuesday, November 1, 2022
China Covid lockdown: Apple supplier Foxconn quadruples staff bonuses
Daily bonuses for employees, who are part of a Foxconn unit responsible for making electronics including smartphones at the site, have been raised to 400 yuan ($55) a day for November from 100 yuan, according to the official WeChat account of Foxconn's Zhengzhou plant. https://ift.tt/PIezWqT
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Sources: SoftBank invites more banks to join its $40B loan backing its OpenAI investment, requiring them to commit ~$5B each; SoftBank has already invested $30B (Bloomberg)
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