Page 8 - Foxconn

Tata, Pegatron in talks for iPhone assembly facility in Tamil Nadu: Report

Tata is building the iPhone assembly plant in Hosur city, which will be its second such facility in the country. The move comes as Apple and its contract manufacturers are rapidly expanding

Foxconn India journey gets a leg-up as CEO Young Liu gets Padma Bhushan

At present, the company reportedly has an estimated 15 subsidiaries in India

Technology giant Foxconn's CEO Young Liu honoured with Padma Bhushan

The Chief Executive Officer and Chairman of Taiwanese technology giant Hon Hai Technology Group (Foxconn), Young Liu, was honoured with the Padma Bhushan on Thursday

On a test track: Foxconn's venture with HCL puts sheen on OSAT biz in India

A lot could depend on how well Micron's project takes off

Foxconn, HCL announce semiconductor JV in India with $37.2 mn investment

Foxconn Technology Group and HCL Group will establish a semiconductor outsourced assembly and testing (OSAT) unit in India, with Foxconn investing $37.2 million for a 40% equity stake

Foxconn arm in India set to lose country head Foulger as it eyes expansion

Bharat FIH has postponed plans to list on Indian stock exchanges, and has yet to make significant headway on its ambition to start manufacturing electric two-wheelers

Year Ender: 10 big events that shaped the Indian corporate world in 2023

From Hindenburg's report on the Adani Group to the signing of the biggest aircraft orders by Air India and Indigo, India saw several important corporate news in 2023. Here are the 10 most significant

Foxconn invests fresh capital of around Rs 461 crore in Bengaluru unit

Taiwanese electronics manufacturing services major Foxconn has infused USD 55.29 million (about Rs 461 crore) in Bengaluru-based Foxconn Precision Engineering Private Limited, according to a regulatory filing. The company has made the investment through its Singapore-based subsidiary Foxconn Singapore Pte Limited. Foxconn Singapore has acquired about 46,08,76,736 shares at Rs 10 each, amounting to around USD 55.29 million (Rs 460.87 crore), according to the filing. Foxconn Precision Engineering was incorporated around six months ago. In July, Foxconn proposed to set up a Rs 8,800-crore supplementary plant to that of its unit at the Devanahalli Information Technology Investment Region in Karnataka. It has also bought 300 acres at Devanahalli. According to the announcement made earlier by the Karnataka government, Foxconn is expected to create employment for about 50,000 people in the first phase at Devanahalli.

Apple in talks with Aequs, Rayprus to deepen manufacturing ops in India

Currently, Tata Electronics is the only Indian vendor for Apple, and it is also looking to double its casing facility

Apple supplier Foxconn officials call on CM Revanth Reddy in Hyderabad

A delegation of Taiwan-based contract manufacturer Foxconn on Tuesday met Telangana Chief Minister Revanth Reddy who assured them the required support for the operations of its manufacturing centre at Kongara Kalan near here. A press release from the CMO said the state government will also extend all necessary support to upcoming projects which are being undertaken by Foxconn. Foxconn Group, which will be investing USD 550 million in Telangana, entered into an agreement with the state government in March this year assuring them to create one lakh jobs by setting up an electronics manufacturing unit. In the first phase, the company will provide 25,000 jobs in the next two years. The firm held a groundbreaking ceremony in May for the facility to make Apple AirPods. The proposed electronics manufacturing facility at Kongara Kalan near here is a milestone for the Taiwanese firm's global expansion strategy diversifying its global manufacturing base, a press release had earlier said. T

Foxconn submits application for setting up semiconductor unit: MoS IT

Taiwanese electronics manufacturing services company Foxconn has submitted an application for setting up a semiconductor fab in the country, Parliament was informed on Wednesday. Minister of state for electronics and IT Rajeev Chandrasekhar said in a written reply to Lok Sabha that the government has taken several measures to boost electronics manufacturing, including semiconductors, incentivising large investments in electronic goods and appliances, and promote exports. "Foxconn has submitted its application under the "modified scheme for setting up of semiconductor fabs in India" for the establishment of semiconductor fab in the country," Chandrasekhar said. The development comes after Foxconn exited a joint venture (JV) with Vedanta Group to set up a chip plant in India. The JV had plans to set up its chip plant in Gujarat with an investment of around Rs 1.5 lakh crore. Chandrasekhar said the first semiconductor unit by Micron was approved in June 2023 under the Semicon India .

India gained global stature under PM Modi's leadership: Bhupender Yadav

Union Minister Bhupender Yadav Tuesday said India has gained a global stature under Prime Minister Narendra Modi's leadership and the world recognises its leadership in innovation and technology. "India successfully reached the Moon spending just Rs 615 crore. The world commended India's efforts in combating COVID-19. International organizations like the IMF, World Bank, and others acknowledged India's remarkable V-shaped economic recovery, surpassing that of China and the US," he said at a press conference. India has emerged as a manufacturing hub, attracting companies like Apple and Foxconn. "Under PM Modi's leadership, India has gained global recognition and stature," Yadav said, adding that internationally acclaimed documentaries like 'Elephant Whisperers' showcase India's excellence, the minister said. PM Modi was invited by the UAE to deliver the opening remarks at the Dubai climate conference. India's start-up culture is thriving, with a significant rise and increased ...

Foxconn set to open its first iPhone assembly plant in Bengaluru in April

The key Apple supplier will create a capacity that can assemble 20 million iPhones annually at the assembly unit in Karnataka

For EV battery infra: Gogoro open to commit billions to India story

Taiwan's electric vehicle giant unveils first e-scooter in India

Apple supplier Foxconn to invest additional Rs 13,911 cr in Karnataka

The SHLCC approved Apple supplier Foxconn's proposal to invest an additional Rs 13,911 crore. The company has already received approval to invest Rs 8,000 crore in the state

Apple supplier in India working on setting up worker dormitories: Report

Foxconn's AirPods facility at Kongara Kalan near Hyderabad's airport is expected to include a dormitory for its workers

Foxconn's Indian Arm Bharat FIH to invest Rs 400 cr in Rising Stars Hi-Tech

Rising Stars Hi Tech focuses on manufacturing and selling of Hi Tech electronic and electrical products, including televisions, EVs, telecommunication devices, and IT hardware and components

Apple looking for suppliers of crucial components in India, Taiwan, S Korea

Apple is facing delays in government approvals for imports of crucial components from existing suppliers, which are primarily based in China

Foxconn resumes iPhone assembly in Chennai plant after weather disruptions

Foxconn and Pegatron had on Monday halted production of iPhones at their factories near Chennai because of heavy rain as a severe cyclone neared

Foxconn cancels first shift at Indian iPhone facility after extreme weather

Foxconn's operations in the facility near the south Indian city of Chennai were likely to resume after the first shift, the sources said