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Tamil Nadu Industries Minister TRB Rajaa on Tuesday reiterated that Taiwan-based Foxconn company is investing Rs 15,000 crore in the state, and will create 14,000 new jobs. "It is 100 per cent true," the minister said, reacting to PMK leader Dr Anbumani Ramadoss' post on 'X', claiming that the news is "false". Whenever job opportunities are assured for Tamil Nadu's youth and good things happen, some people have made it a habit to play politics with those employment opportunities due to political prejudice, the minister said in a post on 'X'. "In today's global political climate, bringing an investment into India is incredibly difficult. Without understanding the various geopolitical issues involved, he (Dr Anbumani) must stop issuing these politically prejudiced and childish statements," the minister said. He added that these are job opportunities that have been secured after nearly a year of struggle. Earlier in the day, Anbumani posted on his official 'X' account that the Foxcon
A total of 107 Taiwanese companies, including iPhone maker Foxconn (Hon Hai Technology Group), will participate in the Taiwan Expo 2025 to be held from September 25-27. Taiwan's External Trade Development Council (TAITRA) Deputy Director Keven Cheng stated that amid tariff challenges and global supply chain realignments, India's vast domestic market, abundant talent pool, and strategic location have made it an indispensable new manufacturing hub for Taiwanese enterprises. Since its launch in 2018, Taiwan Expo has been held for eight consecutive years, underscoring the foresight of government efforts to help enterprises diversify their markets. It has become a vital platform for Taiwanese companies to expand in India, with both sides already achieving results in areas such as semiconductors, electronics manufacturing, ICT, and smart machinery. Yu-Chi Chen, Executive Director of the Economic Division, Taipei Economic and Cultural Center in India, noted that Taiwan-India bilateral tra
Apple vendor Foxconn has elevated India representative V Lee to a global role for business development, and has moved Sharp CEO Robert Wu to lead operations in the country, according to official information. Under Lee, Foxconn India business crossed USD 20 billion and the headcount of the company grew close to 80,000. Foxconn India Representative has been changed due to regular rotation reasons. Foxconn India Representative is now Robert Wu, effective this week. Prior to this role, Mr Wu was CEO of SHARP Corp, a Foxconn subsidiary in Japan that is known for over a century of technological innovation, according to information from Foxconn. Foxconn India Representative is the company's most senior representative role in the country for Foxconn Headquarters. According to a social media post, Lee has been appointed Assistant Vice President in the Chairman's Office, as Business Development at Hon Hai Technology Group (Foxconn). Lee served as India Representative for over four years. Wu
Taiwanese electronics giant Foxconn's Bengaluru factory, its second-largest manufacturing unit, has commenced operation with production of iPhone 17 recently at a small scale, sources aware of the development said. Foxconn is the largest manufacturer of iPhones, and the second-biggest facility outside China in Devanahalli near Bengaluru, being set up at an investment of USD 2.8 billion (about Rs 25,000 crore). "Foxconn Bengaluru unit has commenced operation with the production of iPhone 17. This is in addition to the production of iPhone 17 at its Chennai unit," a source aware of the development said. An email query sent to Apple and Foxconn elicited no reply on the development. The production had faced a brief interruption after hundreds of Chinese engineers went back abruptly. However, Foxconn has been able to get experts from various destinations, including Taiwan, to address the gap. According to multiple sources, Apple plans to increase iPhone production to 60 million units
