Page 9 - Foxconn

China rattling foreign companies again with arrests, Foxconn probe

Over the weekend, state media said that regulators conducting tax audits and reviewing land use by Foxconn, the Taiwanese company that makes the vast majority of iPhones at factories in China

Foxconn faces tax audit and land use probe, says Chinese state media

China's natural resources department also conducted on-site investigations on the land use of Foxconn enterprises in Henan and Hubei provinces

Apple supplier Foxconn subjected to tax inspections by Chinese authorities

Foxconn, a Fortune 500 company known globally for making Apple iPhones, was recently subjected to searches by Chinese tax authorities, state media reported Sunday. Foxconn, a Taiwanese -headquartered company officially registered as Hon Hai Precision Industry Co., Ltd, had its offices in Guangdong and Jiangsu provinces searched by tax officials, according to a report in the Chinese state-run Global Times newspaper. The Ministry of Natural Resources also inspected Foxconn offices in Henan and Hubei provinces, where the company has major factories. Foxconn employs hundreds of thousands of workers across China. The report did not provide more details about the searches, including when they occurred or what was found. However, the report quotes an expert who said that while Taiwan-funded enterprises, including Foxconn, are sharing in dividends from development and making remarkable progress in the mainland, they should also assume corresponding social responsibilities and play a positi

Made-in-India Apple's iPhone 15 likely to see blockbuster sales: Retailers

Latest model can log 40-50% higher sales in India than iPhone 14, say retailers

Challenges galore for Foxconn's ambitious expansion plans in India

Firm expects the electronic manufacturing services market to boom

Foxconn aims to double workforce, investment in India over next 12 months

In August, the state of Karnataka said Foxconn will invest $600 million for two projects in the state to make casing components for iPhones and chip-making equipment

After iPhone 15, Apple to start producing iPhone 15 Plus in India

The tech giant launched the iPhone 15 series on Tuesday, with a faster chip and a lighter titanium body for the Pro models, among other updates

Foxconn CEO Young sees India as new manufacturing hub of the world: Report

Foxconn CEO and Chairman Young Liu says India has the capacity to build the ecosystem required to become a manufacturing hub faster than China

Foxconn seeks to work with STMicro to build semiconductor factory in India

Foxconn Technology Group is teaming up with STMicroelectronics NV for a bid to build a semiconductor factory in India, seeking state backing to broaden its footprint in the South Asian country

India very important for manufacturing in future: Foxconn Chairman Liu

India will be an important country in terms of manufacturing in future, Young Liu, Chairman and CEO of Hon Hai Technology Group (Foxconn) has said, his latest comment adding to a growing chorus of global voices acknowledging the country's bold moves to position itself as electronics and hi-tech production powerhouse. In an interaction with reporters in Taipei, the top honcho of the Taiwanese electronics manufacturing giant said the development of the entire ecosystem and industrial chain, and opportunities for development in India are "very, very huge opportunities". "If there is no big change, India will be a very important country in terms of manufacturing in the future," Liu said. In the past, it took 30 years to build the entire supply chain ecosystem in China, he noted, adding that while it will take an "appropriate amount of time in India" and the process will be shorter given the experience. The environment too is not quite the same, he said pointing to the advent of new ...

Aspiring Taiwan presidential candidate Terry Gou resigns from Foxconn board

Aspiring Taiwanese independent presidential candidate Terry Gou has resigned from the board of Foxconn, the Apple supplier he founded nearly a half-century ago. The company, officially registered as Hon Hai Precision Industry Co., Ltd., issued a news release late Saturday saying Gou, its former chair, had resigned for personal reasons. It wasn't clear what, if any, immediate effect Gou's decision would have on the operations of Foxconn, ranked 20th in the 2023 Fortune Global 500 and considered one of the world's largest technology companies. It is headquartered in Taiwan, but does the vast majority of its manufacturing in China, where it employs hundreds of thousands making iPhones in vast factory-dormitory complexes that have sometimes seen frictions between workers and management over employment conditions. Guo announced Aug. 28 he would run as an independent candidate in Taiwan's presidential election, ending months of speculation. At a news conference, Gou criticized the gover

Weekend Bites: Beleaguered tycoon, GDP, Ambani children, and Wonderlust

In which we munch over the week's platter of news and views

It's Sahasra Electronics, the chipmaker who came in from the cold

It could have been Foxconn. But the world's largest contract electronics manufacturer said on July 10 it had withdrawn from its $19.5 billion semiconductor joint venture with Vedanta

Foxconn, HP, Lenovo, 35 other firms apply for PLI IT hardware scheme

As many as 38 companies, including big names like Foxconn Group, HP, Dell and Lenovo, have applied for incentives under the mega Production Linked Incentive (PLI) IT hardware scheme for manufacturing laptops, PCs and servers. As of 10.30 PM on Wednesday, the number of applications had climbed to 38, from 32 applicants around 5.30 PM. The window for submission of applications for PLI IT hardware scheme closes at midnight. Earlier in the evening, Minister of Electronics and IT Ashwini Vaishnaw had said that Foxconn Group, HP, Dell and Lenovo are among companies which have applied. Others who have thrown their hat into the ring include Flextronics, Dixon, Acer, Thompson, VVDN, HP Enterprises and Asus, Vaishnaw said, terming the response from companies as "fabulous." At that time, 32 applications had already come in, and while that list had impressive names, Cupertino, California-headquartered Apple had not put in its application till then. The name of companies who submitted their ...

Running for Prez, China can't threaten me: Foxconn founder Terry Gou

Earlier this year, Gou made a second bid to be the KMT's candidate for the presidential election, but the party chose instead Hou Yu-ih, the mayor of New Taipei City

Apple, Tesla links mean China can't pressure business: Foxconn's Terry Gou

If China were to confiscate assets of Hon Hai Precision Industry Co., it would hurt the interests of major global pension funds, and "no foreign investor will dare to invest," he said

Foxconn's Terry Gou to run for Taiwan's presidency as independent candidate

Terry Gou, the billionaire founder of the electronics giant Foxconn, declared Monday that he will run as an independent candidate for president in Taiwan's 2024 election, ending months of speculation. At a news conference, Gou criticized the governing Democratic Progressive Party, saying its policies have brought Taiwan into the risk of war with China, which claims the self-ruled island democracy as part of its territory. He said Taiwan also needs new approaches on the economy and other matters at home. Domestically, the national policy direction is filled with all sorts of mistakes. There's no way to solve the difficulties of Taiwanese industry and people's livelihoods, he said. Gou's Foxconn, formally known as Hon Hai Precision Industry Co., is a major supplier to Apple and has factories in China. He has long had presidential aspirations. He ran in the 2019 election but lost as Tsai Ing-wen of the Democratic Progressive Party easily won re-election. This time around, Gou initial

Smartphone manufacturers expected to hire 60,000 in next 6-12 months

Tamil Nadu is likely to make up for a large part of these jobs, alongside Delhi-National Capital Region, and Karnataka

Apple's supplier Foxconn begins iPhone 15 production in Tamil Nadu

A Foxconn Technology Group plant in Sriperumbudur is preparing to deliver the newest devices only weeks after they start shipping from factories in China

Top headlines: Gangwal to sell IndiGo shares, India Inc's Q1 result review

Business Standard brings you the top headlines at this hour