Page 11 - Foxconn

Top headlines: Foxconn in talks for $200 mn plant in TN, Fed hikes rates

Business Standard brings you the top headlines at this hour

Foxconn unit in talks for $200 mn components plant in Tamil Nadu: Reports

Brand Cheng, CEO of Foxconn Industrial Internet (FII), and other company representatives last week met Tamil Nadu officials including its chief minister to discuss investments in the state

Foxconn, chip giants head to Modi's home state for India conference

India wants to establish itself as a semiconductor manufacturing hub, rivaling the likes of Taiwan, and the high demand for chips means the local market will be worth $80 billion by 2028

Foxconn's Bharat FIH rolls back plan to raise Rs 5,000 cr via IPO: Report

The decision has been taken due to weak smartphone market conditions and changes in the company's internal strategy

Vedanta yet to submit application for chip unit, find partner after Foxconn

Vedanta Group's application for semiconductor manufacturing has become invalid after exit of Taiwanese electronics manufacturing major Foxconn and the company is yet to submit a fresh application, an official source said. According to the source, Vedanta has not shared any information about a new technology partner that it needs to rope in for semiconductor manufacturing. "Vedanta needs to re-apply for semiconductor manufacturing. Meity (Ministry of Electronics and IT) has no information about their new technology partner," the official source said. Vedanta had re-applied under a modified semiconductor plan with Foxconn as joint venture partner. Hon Hai Technology Group, also known as Foxconn, earlier this month pulled out of the joint venture with Vedanta's USD 19.5 billion chip project and said it intends to apply for incentives under the government's semiconductor production plan. After Foxconn's pull out, Vedanta said it has lined up partners and will begin a foray into ...

After Karnataka, Foxconn Industrial Internet in talks with Tamil Nadu

According to a source, an immediate announcement on Tamil Nadu investments by the company is unlikely

Foxconn officials talks 'investment opportunities' with Tamil Nadu govt

Top officials of Foxconn Industrial Internet (FII), the subsidiary of Taiwan-based Hon Hai Technology Group, popularly known as 'Foxconn' called on Chief Minister M K Stalin and discussed "investment opportunities" in Tamil Nadu, sources said on Wednesday. Foxconn Industrial Internet, is a leading global total solution provider for smart manufacturing and industrial internet, according to its website. FII chief executive officer Brand Cheng accompanied by senior company officials discussed the 'investment opportunities' in Tamil Nadu, sources said. Minister for Industries T R B Rajaa, chief secretary Shiv Das Meena were also present on the occasion. The meeting of FII officials with the Tamil Nadu government assumes significance as recently the delegation called on Karnataka Chief Minister Siddaramaiah about its proposal to invest Rs 8,800 crore manufacturing plant in the neighbouring state. Foxconn, a major iPhone assembler for Apple, has proposed to set up a Rs 8,800 crore ..

Foxconn buys worth $33 mn equipment from Apple for expansion in India

Apple Inc. tripled iPhone production and assembled more than $7 billion of iPhones in India last fiscal year, making almost 7% of its handsets in the country

Will India soon achieve its semiconductor dream?

What happens when one of the world's largest manufacturers partners with the world's largest chip maker? Watch the video to find out >

Dholera infra is ready, waiting for anchor investor: Gujarat chief secy

The infrastructure has been laid, plotting has been done. We have created water and power. There is a solar manufacturing unit as well, Kumar said

Foxconn proposes to set up Rs 8,800 cr manufacturing plant in Karnataka

Foxconn, a major iPhone assembler for Apple, has proposed to set up a Rs 8,800 crore supplementary plant to that of the unit at Devanahalli Information Technology Investment Region (ITIR) in Karnataka, the state's Large and Medium Industries Minister M B Patil said on Monday. The Chief Minister Siddaramaiah chaired a high-level meeting with the delegates of Foxconn Industrial Internet (Fii), headed by its CEO, Brand Cheng, in this regard, he said. As per the proposal, Fii, a subsidiary of Foxconn (formally known as Hon Hai Precision Industry Co. Ltd), has a plan to invest Rs 8,800 Crore. "This would create 14,000 jobs and the land required for the project is about 100 acres," Patil said. The delegates of the Fii would be taken to Tumakuru to examine the available land at Japan Industrial Township near the district headquarters town. The Information Technology Minister Priyank Kharge and Chief Secretary Vandita Sharma were also present in the meeting. "Fii will engage in manufactur

Process of giving land to Foxconn mobile manufacturing unit in final stages

Karnataka Large and Medium Industries Minister M B Patil on Thursday said that the process of handing over land to Apple Inc supplier and Taiwanese electronics manufacturing giant Foxconn, for its mobile devices manufacturing unit near here is in "final stages". "Foxconn is coming up in about 300 acres. The process relating to handing over land is in the final stages. There were some issues, so I have personally held meetings four times in this regard, as we did not want to lose the project. Foxconn, which manufactures Apple phones, is very prestigious for us," Patil said. "Foxconn will invest USD 1 billion, which is Rs 8,400 crore, and will create 50,000 employment in the first phase", the minister said in the Legislative Assembly responding to a question raised by Doddaballapura BJP MLA Dheeraj Muniraju during question hour. The Karnataka government in March, through its state high-level clearance committee (SHLCC), had cleared the investment proposal by Foxconn. The project will

Top headlines: Chandrayaan-3 launch, Foxconn's change of heart, and more

Business Standard brings you the top headlines at this hour

Foxconn in talks with TSMC, TMH group to make chips in India: Report

Foxconn, with the two companies, is expected to make both advanced as well as legacy chips in India

Foxconn's change of heart on semiconductor factory a warning to India

Even if the government's targets for export growth are met, we will still be some distance behind smaller countries such as Vietnam

Foxconn backing out of semiconductor JV credit negative for Vedanta: Report

Taiwan's Foxconn pulling out of a USD 20 billion semiconductor-making venture with Vedanta Ltd is a "credit negative" for the mining conglomerate's UK parent Vedanta Resources, debt research firm CreditSights said on Thursday. Hon Hai Technology Group, also known as Foxconn, earlier this week pulled out of the chipmaking joint venture with Vedanta and said it intends to apply for incentives under the government's semiconductor production plan. Vedanta Ltd on Wednesday said it has lined up partners and will begin a foray into chip-making this year. The chip-making venture was previously parked in units under the parent firm but last week Vedanta Ltd took over the special-purpose vehicles. "Since the semiconductor venture will be now parked directly under Vedanta Ltd (VEDL), we see a higher probability that a good portion of the project funding will come from VEDL," CreditSights, a part of the Fitch Group, said in a note. Foxconn's exit from the joint venture will also result in the

Foxconn-Vedanta JV split credit negative for UK mining firm: CreditSights

CreditSights had previously expected a "minimal credit impact" on Vedanta Resources based on the old arrangement, as Volcan, Vedanta's holding entity was undertaking the semiconductor investments

Gujarat holds talk with Foxconn for its semiconductor plant: Official

Foxconn this week exited its project with Vedanta, which was also planned for Prime Minister Narendra Modi's home state of Gujarat, citing issues such as slow progress

Vedanta to enter semiconductor market this year after Foxconn split

Foxconn separately intends to apply for incentives under India's semiconductor production plan

Will continue investments in India, invested $35 bn till date: Anil Agarwal

Foxconn withdrew from a $19.5 billion semiconductor joint venture with the metals-to-oil conglomerate earlier this week