Page 3 - Foxconn

Foxconn India revenue tops $20 billion in FY25, staff strength hits 80K

Taiwanese electronics manufacturing major Foxconn is reported to have more than doubled its revenue in India to over USD 20 billion (about Rs 1.7 lakh crore) in the financial year 2024-25 on account of a jump in iPhone production, sources aware of the development said. The company is also learnt to have increased its total employee count in the country by over 65 per cent to around 80,000 in fiscal year 2025, industry and government sources aware of the estimates told PTI. "Foxconn revenue in India has more than doubled to over USD 20 billion in the financial year 2024-25. The employee count has also gone over 80,000," one of the sources said. Email query sent to Foxconn in this regard elicited no reply. Union Minister Ashwini Vaishnaw earlier this month announced that mobile phone exports from India have crossed an all-time high of Rs 2 lakh crore in FY 2024-25 in which iPhone exports alone accounted for exports worth Rs 1.5 lakh crore. Sources said that Foxconn is expected to gr

Alphabet may shift Pixel production to India amid US tariffs on Vietnam

Alphabet is considering moving part of its Pixel phone manufacturing from Vietnam to India to serve US markets, as tariffs make Vietnam less competitive

UP govt, Foxconn in discussion for setting up manufacturing unit

The Uttar Pradesh government and iPhone maker Foxconn have started discussions to set up an electronics manufacturing unit in the state, sources aware of the development said. The investment pitch was made by Invest UP to Foxconn at the time of the final land allocation for the HCL-Foxconn chip joint venture Vama Sundari. "The Uttar Pradesh government through Invest UP is in discussion with Foxconn to get their electronics manufacturing unit in the state. During the discussion, the state government mentioned the availability of 300-acre land under Yamuna Expressway Industrial Development Authority (YEIDA)," a source said. An official source at the Centre also confirmed that discussions have started to set up a Foxconn electronics manufacturing services unit in Uttar Pradesh. "The discussions are at a very initial stage. There is no discussion on the type of products...Foxconn will manufacture," another source involved in the discussion said. The query sent to the Uttar Pradesh ...

Foxconn eyes 300 acres in Greater Noida for first North India facility

Apple boosts its manufacturing presence in India, with the country expected to produce $22 billion worth of iPhones

Kathy Yang Chiu-Chin to be named Foxconn's first woman rotating CEO

Electronics manufacturing giant and Apple vendor Foxconn has named Kathy Yang Chiu-chin as its rotating chief executive officer with effect from Monday, the company said. In a statement, it said Chiu-chin will be the first woman to hold the rotating CEO's role at Foxconn. "Hon Hai Technology Group (Foxconn) has named Kathy Yang Chiu-chin its rotating Chief Executive Officer, effective Monday, setting two major milestones in corporate governance leadership for the world's largest electronics manufacturing service provider," the company said. Foxconn chairman Young Liu, during his visit to India in August 2024, had told PTI that the company is looking to promote women in leadership roles. Chiu-chin was also at the event in Chennai where Liu made the statement on promoting women leadership in the Foxconn Group. According to the last information shared by Foxconn, women account for 30 per cent of its total workforce in India. Foxconn had around 48,000 employees in August 2024. Chiu-

Nissan's New CEO says it needs partners and is open to Honda tie-up

The top items on Espinosa's to-do list will be to seek collaborations with companies that would help Nissan develop electric vehicles

Smartphone assembly: Dixon gains ground on Foxconn, DBG Group in India

Tata Electronics, another rising domestic player, doubled its share to 4 per cent in 2024 from 2 per cent a year earlier

Foxconn chief-Rajaa drive, which went viral, may bring 'good news' to TN

Young Liu discussed critical minerals, storage plans, and improving the component ecosystem during the 45-minute drive with the minister

Electronics giant Foxconn forecasts strong Q1 revenue after profit miss

Foxconn, which also makes iPhones for Apple, booked an October-December net profit of T$46.33 billion ($1.41 billion), missing the T$54.4 billion average of 15 analyst estimates compiled by LSEG

Foxconn unveils first large language model 'FoxBrain,' trained by Nvidia

Foxconn, which assembles iPhones for Apple and also produces Nvidia's artificial intelligence servers, said the model is based on Meta's Llama 3.1 architecture

UP govt shifts land allocation for HCL-Foxconn chip unit to cut down delays

HCL requested YEIDA to allocate land at a different location due to the anticipated delay due to the ongoing land acquisition process

Boosted by PLI scheme, India's smartphone exports hit record Rs 1.5 trn

Smartphone exports during the 10 months leading up to January were 56 per cent higher than the Rs 991.2 billion recorded in the same period of FY24

Hon Hai offers Renault a lifeline, says open to buying its stake in Nissan

The company, known also as Foxconn, had adopted a wait-and-see attitude while Honda and Nissan worked out a plan to integrate their businesses

Aim is cooperation with Nissan, not acquisition: Foxconn's Young Liu

The deal would have been the latest change in a car industry facing a huge threat from China's BYD and other electric vehicle entrants

NHRC launches new probe into discriminatory hiring at Foxconn's India plant

Foxconn, which manufactures iPhones in India, was accused of excluding married women from assembly line jobs at its Tamil Nadu plant

Foxconn halts Chinese workers' deployment to India, sends Taiwanese staff

Foxconn halts deployment of Chinese workers to India, replacing them with Taiwanese staff amid delays in critical equipment shipments

Foxconn, Dixon ask govt to pay pending production-linked subsidies

The government pledged a total of Rs 41,000 crore ($4.8 billion) in subsidies to manufacturers, and part of that remains unallocated because some companies didn't meet estimated production targets

Foxconn beats estimates with record Q4 revenue driven by AI demand

Robust AI server demand led to strong revenue growth for its cloud and networking products division, said Foxconn, whose customers include AI chip firm Nvidia

Taiwan outpaces Asia-Pacific markets with over 30% jump in 2024; what next?

The standout growth in Taiwan's stock market was largely driven by the country's critical role in the global semiconductor supply chain, according to analysts

From AI chips to 6G testing: How India's tech landscape evolved in 2024

A new Centre of Excellence on Classical and Quantum Communications for 6G has been inaugurated this year at the IITM Research Park in Chennai to spearhead research and development in 6G technologies