Page 7 - Foxconn

Here's how much Google will pay in rent for new office space in Bengaluru

Google's expansion plan in India: The tech giant leased office space at a monthly rate of Rs 62 per sq ft, with a three-year lock-in period

Google logs into Tamil Nadu for drone unit; may rope in Foxconn for Pixel

The US tech giant will manufacture drones in the state through its subsidiary Wing LLC, giving a leg up to India's plan to become a drone making hub of the world

Google, Foxconn join forces to produce pixel smartphones in Tamil Nadu

Google is planning to expand its Pixel smartphone business in India, aiming to seize the growing demand for premium smartphones in the country

Apple supplier Foxconn among firms asked to cut power use in Vietnam

The request to Foxconn was an encouragement, not a requirement and has not had any impact on production, one of the people said

Apple supplier Foxconn's Q1 net profit jumps 72% but misses forecasts

While the profit missed the T$29.31 billion forecast by analysts, it was Foxconn's third consecutive quarterly profit rise

Foxconn's Q1 profit to jump from low base, robust AI demand to power growth

Last month, the company said first-quarter revenue slid 10 per cent from a year earlier but it has been bullish about 2024

Taiwan's Foxconn reiterates Q2 revenue to grow, posts record April sales

Foxconn said in a statement that this year's second quarter "remains a traditional off-peak season, and major products are entering a period of transition between old and new products"

Foxconn considers rotating chief executives in management reshuffle

For companies around the world, the rotating chief executive structure is uncommon, but analysts say it can promote teamwork and prevent leadership from becoming entrenched

Apple pivots to housing for Indian factory workers. Plans 78,000 homes

'The massive employee housing initiative aims to enhance efficiency and provide security, particularly for migrant women employees,' said an official

Foxconn Q4 profit jumps 33% to $1.7 bn on strong AI server demand

The AI server market was likely to see 30% growth each year between 2023 and 2025, and Foxconn's growth would be in line with that or even higher, he said

Foxconn dismisses finance chief Junhong, chairman Zheng to take his place

In a separate filing on Tuesday, FII said it has no material information that should be disclosed regarding the share price swings

Foxconn, Apple, Samsung to receive Rs 4,400 cr under smartphone PLI scheme

The PLI scheme has boosted mobile phone exports for India, reaching $10.5 billion between April and December 2023

How India is betting big on the global outsourced semiconductor play

The Cabinet today cleared two projects, the Tata's assembly testing and packaging plant (ATMP) and the Murugappa-owned CG Power with Renesas from Japan as its tech partner

Workers at Apple supplier Flex's Tamil Nadu plant stage one-day strike

Many electronics manufacturers in India, including Foxconn and Pegatron, lack a union, while automobile factories have higher levels of organising, according to labour welfare workers

No commitment on setting up fab plant in India, says Intel India MD

Viswanathan said that India has just begun its journey in the manufacturing space and has 'enough runway for growth'

Foxconn invites bids for construction of chip assembly plant in India

Taiwanese electronics major Foxconn has invited bids for construction of a chip assembly and testing plant in India. The plant is proposed to be set up in partnership with HCL Group, according to a regulatory filing. The company has earmarked Rs 1,200 crore as an initial investment for the project. In the filing, Foxconn said it is making an announcement on behalf of subsidiary Foxconn Hon Hai Technology India Mega Development Pvt Ltd for engaging others to build the plant on owned land. Last month, Foxconn Hon Hai Technology India Mega Development Pvt Ltd had allocated USD 37.2 million or about Rs 308 crore for setting up the joint venture.

Foxconn invites bids to construct Rs 1,200 crore plant in Karnataka

Taiwanese electronics manufacturer Foxconn has invited bids to construct a plant in Karnataka with an outlay of Rs 1,200 crore, according to sources. The project will be executed through Foxconn Hon Hai Technology India Mega Development Pvt. The Karnataka government has approved an investment proposal of around Rs 22,000 crore from Foxconn. "Foxconn's recent bid for plant construction is for an iPhone factory which it is setting up in Karnataka," a source aware of the development said. On February 6, Foxconn had said in a regulatory filing that the announcement about inviting bids was on behalf of its subsidiary Foxconn Hon Hai Technology India Mega Development Pvt Ltd for engaging others to build the plant. The source said the Rs 1,200 crore bid is not for the company's semiconductor joint venture with HCL. Last month, Foxconn Hon Hai Technology India Mega Development Pvt Ltd had allocated USD 37.2 million or about Rs 308 crore for setting up a semiconductor joint venture with .

Padma Bhushan for Young Liu embodies how Foxconn has grown roots in India

But to flower further, it may need to reduce dependence on Apple Inc

Govt puts Vedanta Group's mega fab unit proposal on the back burner

The vedanta Group's joint venture (JV) with leading technology service provider, Foxconn, fell through last year

Taiwan's Foxconn sees 'slightly better' 2024, warns on AI chip shortage

Foxconn Chairman said Demand for artificial intelligence (AI) servers will "of course" be good, but global economic uncertainty given geopolitical problems will affect consumer product demand