Page 11 - Foxconn

Foxconn to invest $600 mn in Karnataka for components, chipmaking machinery

The world's largest contract manufacturer will also invest $250 million in a second plant where it aims to produce chipmaking tools in partnership with Applied Materials

Karnataka govt, Foxconn sign Letter of Intent for two marquee projects

The Karnataka government on Wednesday said it has signed a Letter of Intent (LoI) with Foxconn, a major iPhone assembler for tech giant Apple, to undertake two marquee projects in the state with an estimated investment worth Rs 5,000 crore. The projects would create employment opportunities for 13,000 people in the state, it said. The signing ceremony took place between a high-level delegation of the Government of Karnataka and Foxconn in Chennai recently, where Large and Medium Industries and Infrastructure Development Minister M B Patil and Minister for IT and BT, Rural Development and Panchayat Raj Priyank Kharge along with senior officials met Foxconn Chairman Young Liu and other executives of the company. The two projects are: phone enclosure project under which the Foxconn subsidiary plans to invest USD 350 million (Rs 3,000 crore) with employment opportunities for 12,000 people, and semicon equipment project in collaboration with Applied Materials with a projected investment

Apple's main supplier Foxconn plans $500 mn component plants in India

Foxconn Technology Group, plans to increase its investments to more than $1.2 bn in southern India's Karnataka state and add two component factories there

Foxconn Industrial Internet denies signing deal with Tamil Nadu: Report

The government of the southern Indian state of Tamil Nadu said on Monday it has signed a deal with Foxconn for a new electronic components manufacturing facility that would create 6,000 jobs

K'taka ministers hold talk with Foxconn Chairman on investments in state

Industries Minister M B Patil on Monday said that the Karnataka government had held "fruitful" discussions with Foxconn, a major iPhone assembler for Apple, about intended projects for which the company is keen to invest in the state. Patil, IT/BT Minister Priyanka Kharge and Foxconn Chairman Young Liu were present at the discussions which took place at a private hotel in Chennai, a statement from the Industries Minister's office said. Speaking about the meeting, Patil said that the industrial and investment policies of the state government are conducive to nurturing an ecosystem favouring the growth of industries. Expressing happiness about the discussions, the minister said the talks held with the company chairman were "fruitful". Senior state government officials were also present at the meeting.

Foxconn inks Rs 1.6K crore deal with TN for mobile component plant

First major investment by Taiwan company in India after it parted ways with Vedanta

Foxconn to sign Rs 1,600 crore components plant deal with Tamil Nadu

The subsidiary, Foxconn Industrial Internet (FII), plans to invest Rs 1,600 crore ($194.45 million) to build a campus in Kancheepuram district

Ecosystem for chips in India for very brave: Foxconn Chairman Young Liu

The ecosystem for semiconductor chips in India is for the "very brave", Foxconn Chairman Young Liu said on Friday as he expressed optimism about the country's semiconductor roadmap during the second edition of SemiconIndia in Gandhinagar. Earlier this month, Taiwan-based Foxconn, which also supplies for smartphone giant Apple, withdrew from a USD 19.5 billion semiconductor joint venture with Vedanta as the venture struggled to get a technology partner to make chips that are used in mobile phones to refrigerators and cars. Foxconn is the world's largest contract electronics maker. Addressing SemiconIndia on Friday, Liu said "The ecosystem for chips in India is for the very brave. Every experience only positions companies stronger going forward." Notably, the joint venture between Foxconn and Vedanta was signed in February 2022, after which the JV signed a Memorandum of Understanding with the Gujarat government to invest Rs 1,54,000 crore to set up a semiconductor plant in the ...

Optimistic about India semiconductor path; let's do this together: Foxconn

Foxconn on Friday said it is optimistic about direction of India's semiconductor roadmap, and asserted that Taiwan is and will be India's most trusted and reliable partner. "Let's do this together," Young Liu, Chairman of Foxconn said addressing SemiconIndia 2023. Building an ecosystem for chips in India is "for very brave", he said adding "Where there is a will, there is a way". Lauding the determination of the Indian government in this regard, Liu expressed optimism about where the nation is headed on its semiconductor journey. "Taiwan is and will be your most trusted and reliable partner...Let's do this together," he said. Foxconn is the world's largest contract electronics manufacturer based in Taiwan.

Foxconn unit in talks for $200 million components plant in Tamil Nadu

In the last few months, Foxconn had announced significant investment plans in states like Karnataka, Telangana and Tamil Nadu, bolstering its presence in South India

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

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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