Zhengzhou Airport Economic Zone, a central Chinese manufacturing area that includes Apple Inc supplier Foxconn, announced a 14-day lockdown on Friday "to be adjusted according to epidemic situation"
Vedanta chairman Anil Agarwal on Tuesday said that the company in partnership with Foxconn will set up a semiconductor manufacturing plant in the next two years. The Indian conglomerate had already entered into a pact with electronics manufacturing giant Foxconn to form a joint venture (JV) for manufacturing semiconductors in India. Agarwal termed the signing up of the pact with Foxconn as a "very big job", and said that the semiconductor industry will promote other sectors like automobiles and electronics in the country. Vedanta had unveiled its plan to invest in semiconductor manufacturing after the government announced a Rs 76,000-crore package to boost electronic chip and display ecosystem in the country. This is also the second attempt of Vedanta to enter the semiconductor space after its earlier plan to set up a display unit with about Rs 60,000 crore investment could not take off. Agarwal was speaking at the 7th National Leadership Conclave. According to the memorandum of
Manufacturer to invest Rs 250 crore, recruit 5,700 employees in India in FY23
Apple supplier Foxconn has "basically" resumed normal operations at its most important campuses in the Chinese city of Shenzhen after spiking Covid-19 cases forced a shutdown.
This is happening 'under the premise of abiding by epidemic prevention policies and strictly implementing epidemic prevention and control', it added
Foxconn is planning to capture around 5 per cent of the market share globally in the electric vehicles (EV) by the end of 2025.
The world's largest contract electronics maker restarts some production and operations at its Shenzhen campuses.
The phones will be for both the domestic and export market
Major Apple Inc supplier and iPhone assembler Foxconn said on Monday it has suspended operations in the Chinese city of Shenzhen to comply with the local government's COVID-19 control policies
What we're really seeing is two companies petitioning the government for corporate welfare as it offers $7 bn of enticements to boost electronics manufacturing.
An invasion could begin at any time, said White House in relation to the face-off between Russia and Ukraine. Vedanta has signed up with Foxconn to manufacture semiconductors in India
The Vedanta Group had in January shared its intent to invest $15 billion for making displays and semiconductor chips in India over the coming five years
Vedanta is the first company to make the announcement to invest in semiconductor manufacturing after the government announced a Rs 76,000-crore programme to boost electronic chip and display ecosystem
Foxconn restarted production at its plant in southern India on Wednesday, a company official said, about three weeks after it was closed because of protests over workers falling sick.
According to sources, around 70 workers have returned to one of the 17 dormitories, that met the international standards lined up by Apple
Apple supplier Foxconn said it has implemented a range of corrective actions and will start bringing back team members gradually to the Sriperumbudur factory
The Foxconn plant, located in the state of Tamil Nadu, was closed on Dec. 18 following protests over 250 of its workers being treated for food poisoning
Sterlite Copper claimed that the production halt at its Thoothukudi unit had led to a loss of over $1.2 billion
Federal Reserve may need to hike rates faster, reduce balance sheet quickly. More on that in today's top headlines
The recent crisis at vendor Foxconn's factory highlights one of the many challenges the US major faces as it seeks an unprecedented scale-up in hiring over the next five years