Page 14 - Foxconn

Foxconn lines up Rs 4,110 cr for new Hyderabad plant, 25,000 jobs likely

The factory's construction will be finished in nine months, and operations will start within a year

Vedanta-Foxconn JV set to get govt approval for its chip-making plant

VFSL is a joint venture between India's Vedanta Group and Taiwan's Hon Hai Precision Industry (Foxconn). The two have 63 and 37 per cent stake in the company, respectively

Apple to not make iPads, Mac PCs but may manufacture AirPods in India

This comes amid reports that the Cupertino-based tech giant may soon start producing all its major products in India

Apple supplier Foxconn to invest $500 mn in Telangana: IT Min KTR

The investment will create 25,000 jobs in the first phase, KT Rama Rao said in a tweet

Key Apple supplier Foxconn reports loss of 56% in Q1, outlook flat

In the first quarter of 2023, revenue totaled 1.4624 trillion Taiwanese dollars, up 4 per cent year-on-year

Apple partner Foxconn buys land in Bengaluru to expand production in India

Karnataka has reportedly encouraged Foxconn to invest in the state

Apple to nearly triple investment, exports in India in coming years

Apple mainly assembles iPhones in India through Taiwan contract manufacturers but plans to expand into iPads and AirPods, as it looks to cut reliance on China

Microsoft looks to buy $50 mn Foxconn parcel in Wisconsin for data centre

Microsoft has agreed to buy a $50 million parcel of land in southeastern Wisconsin meant for Foxconn after the world's largest electronics manufacturer failed to fulfil grandiose promises to build a massive facility that would employ thousands of workers. Microsoft plans to build a $1 billion data centre on the 315-acre parcel in Mount Pleasant, a village of about 27,000 people in Racine County about 30 miles (50 kilometers) south of Milwaukee. It's unclear how many people the centre might employ; Microsoft officials had no immediate comment when reached via email Wednesday. The village already is home to a Foxconn Technology Group manufacturing facility. The Taiwan-based company is best known for making Apple iPhones. The company announced plans in 2017 to build a $10 billion facility in Mount Pleasant that would employ 13,000 people. Wisconsin's governor at the time, Republican Scott Walker, and then-President Donald Trump praised the decision, with Trump boasting the plant would

Foxconn likely to expand its Chennai iPhone manufacturing facility

The two new facilities that Foxconn is likely to build will be in addition to the two other buildings the company already has in place

72% of workers in Apple's India factories are women; Foxconn best performer

The gender data is based on details provided to the states and the central government

PLI for smartphone manufacturing: Foxconn, Wistron, Dixon lead the pack

Foxconn met its manufacturing targets within the first nine months of the last fiscal year

Apple supplier Foxconn to start construction of its Karnataka plant in May

Spread over 300 acres, it is touted to be Foxconn's largest manufacturing unit in India

Vedanta-Foxconn likely to get conditional approval for fab plant

Neither Foxconn nor Vedanta has substantial experience in fab technology, so they need partners

Powered by PLI, India may add 150,000 new jobs in phone manufacturing

The govt's PLI scheme and the long-term plans of many companies to move their production facilities to India are giving a big push to jobs in the sector

3 megatrends that give India a chance to become the world's next factory

Convergence of external and internal elements affords country a lifetime opportunity, writes Mayank Dhaundiyal

Apple's vendor planning to set up second factory, Pegatron explained

Pegatron is planning to set up its second factory near Chennai in Tamil Nadu. Pegatron opened its first plant only six months ago

Foxconn deal: Karnataka labour laws in focus, Tamil Nadu may follow

Allowing 12-hour shifts for all and nighttime work for women was meant to benefit software firms, but is said to have clinched Foxconn's Rs 8,000 cr investment

Top headlines: Govt to bring down tax burden, Foxconn gets Karnataka's nod

Business Standard brings you the top headlines at this hour

Rs 8,000-crore Foxconn project receives Karnataka govt's approval

A total of 18 projects worth Rs 75,394 cr sanctioned

Karnataka govt approves $968 million investment from Foxconn unit

The southern Indian state of Karnataka has approved an 80 billion rupee ($967.91 million) investment in the state by a unit of Taiwan's Foxconn