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Ex-PepsiCo CEO Indra Nooyi worked from midnight until 5 a.m. as a receptionist to pay for her Yale degree—and she says ‘respect went up’ because of it

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Shark Tank's Kevin O'Leary says if he were 25 today, he'd chase these two booming opportunities in the world of AI

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China’s birth rate just hit its lowest point since 1949—and Trip.com cofounder James Liang thinks that’s a threat to innovation
Coronavirus

Apple supplier Foxconn will start making ventilators to fight the coronavirus at its Wisconsin factory

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Debby Wu
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Bloomberg
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By
Debby Wu
Debby Wu
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Bloomberg
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April 8, 2020, 12:26 AM ET
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Foxconn, the company responsible for assembling most of the world’s Apple Inc. iPhones, will aid the fight against the coronavirus pandemic by developing and making ventilators in the U.S.

The Wisconsin plant owned by Foxconn, also known as Hon Hai Precision Industry Co., will be used to manufacture ventilators, Medtronic Plc Chief Executive Officer Omar Ishrak told CNBC.

Foxconn confirmed the partnership in a statement on Wednesday but did not say where and when it will be making the medical equipment.

There has been a critical shortage of supply globally for ventilators needed in the treatment of severe cases of Covid-19. Foxconn’s collaboration with Medtronic covers design and development of the devices. Production will start within the next four to six weeks, Ishrak said, without quantifying a volume.

Foxconn has been making face masks, used to curb the spread of the virus, in China since February and its subsidiary Sharp Corp. also began churning them out in Japan in late March.

Foxconn’s contract for its Wisconsin plant was signed with great fanfare in late 2017. President Donald Trump, who had helped bring the deal together with the state’s then-governor, Republican Scott Walker, said Foxconn would revitalize U.S. manufacturing and that its massive factory hub would become “the Eighth Wonder of the World.”

Since then, the plant—which was originally intended for making display panels—has been criticized for delays and changes of direction. The company missed its first-year hiring target by a wide margin, ending 2018 with 178 full-time employees.

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—What small businesses applying to the SBA’s Paycheck Protection Program need to know
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—The Supreme Court faces pressure to work online as its case backlog grows
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—PODCAST: COVID-19 might have upended the concept of the best companies of the year
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Subscribe to Outbreak, a daily newsletter roundup of stories on the coronavirus pandemic and its impact on global business. It’s free to get it in your inbox.

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