Key iPhone Assembler Foxconn's Q2 Revenue Falls 1 Per Cent Due To Weak Demand For Electronics
1 year, 4 months ago

Key iPhone Assembler Foxconn's Q2 Revenue Falls 1 Per Cent Due To Weak Demand For Electronics

ABP News  

Key iPhone assembler Foxconn has reported one per cent fall in its second quarter net profit amid weak demand for electronics globally. The company, also the world's largest contract electronics manufacturer, beat analysts' forecasts - its net profit for the April-June quarter fell to T$33 billion from a revised T$33.29 billion in the same period last year. Foxconn shares rose 1.4 per cent ahead of the results on Monday, compared to a 1.3 per cent fall in the main market. The key Apple iPhone supplier is set to invest $600 million, or roughly Rs 4,955 crore in India, said a report by news agency Reuters, earlier this month.

India Reuters Foxconn  weak  reported  million  foxconns  falls  q2  billion  quarter  key  rs  crore  roughly  electronics  cent  demand  profit  revenue  iphone

History of this topic

Apple's stock at all time high, tech co back as most valuable company thanks to Apple Intelligence
1 week ago

Apple's stock at all time high, tech co back as most valuable company thanks to Apple Intelligence

Firstpost  

According to JPMorgan analyst Samik Chatterjee, the real AI windfall will come with the expected 2025 launch of the iPhone 17. He projects iPhone sales will rise from 230 million units this fiscal year to 251 million the following year Apple’s stock currently trades at 34 times its projected earnings over the next 12 months, making it one of the …

iPhone-maker Foxconn infuses ₹1,200 crore in Karnataka unit
4 months ago

iPhone-maker Foxconn infuses ₹1,200 crore in Karnataka unit

Hindustan Times  

Electronics manufacturing giant Foxconn has infused about ₹1,200 crore -- approximately USD 144 million -- into its Karnataka-based Foxconn Hon Hai Technology India Mega Development Pvt Ltd, the company said in a recent regulatory filing. FILE PHOTO: The logo of Foxconn is seen outside the company's building in Taipei, Taiwan, The iPhone contract manufacturer's Singapore-based arm Foxconn Singapore Pte has …

Apple breaks out of recent sales slump as it gears up to make its leap into the AI craze
4 months, 3 weeks ago

Apple breaks out of recent sales slump as it gears up to make its leap into the AI craze

Associated Press  

Apple snapped out of a prolonged sales slump during its most recent quarter as the trendsetting company prepares to launch into the artificial intelligence craze with an arsenal of new technology that’s expected to juice demand for its next iPhone. Sales of the iPhone — Apple’s marquee product — remained on a downward slope though, dipping 1% from last year …

Apple Stock Buyback Quarterly Earnings Revenue Loss Decline Tim Cook iPhone iPad iOS
7 months, 3 weeks ago

Apple Stock Buyback Quarterly Earnings Revenue Loss Decline Tim Cook iPhone iPad iOS

ABP News  

Apple on Friday announced its quarterly results, which not only surpassed subdued analyst expectations but also included an unprecedented share buyback initiative. Apple disclosed a 4 per cent increase in its cash dividend alongside a staggering $110 billion stock buyback authorisation, the largest in its history. Reuters Graphics The Cupertino giant reported a 4 per cent decrease in fiscal second-quarter …

Apple shows its steepest quarterly decline in iPhone sales since pandemic's outset
7 months, 3 weeks ago

Apple shows its steepest quarterly decline in iPhone sales since pandemic's outset

NPR  

Apple shows its steepest quarterly decline in iPhone sales since pandemic's outset Enlarge this image toggle caption Mark Lennihan/AP Mark Lennihan/AP Apple on Thursday disclosed its steepest quarterly decline in iPhone sales since the pandemic's outset, deepening a slump that's increasing the pressure on the trendsetting company to spruce up its products with more artificial intelligence. It marked the biggest …

Apple's major milestone: Company now makes 1 in 7 iPhones in India as output hits $14 billion
8 months, 2 weeks ago

Apple's major milestone: Company now makes 1 in 7 iPhones in India as output hits $14 billion

Hindustan Times  

Apple increased its iPhone production in India as the company assembled $14 billion worth of iPhones in fiscal 2024, Bloomberg reported. Foxconn and Pegatron, two major Taiwanese manufacturers, played a significant role in boosting Apple's production output in India. China is the largest iPhone-making hub in the world but Apple is ramping up iPhone production in India as it strategically …

iPhone manufacturer Foxconn beats Street estimates in Q4; Net profit climbs 33% YoY on strong AI demand
9 months, 1 week ago

iPhone manufacturer Foxconn beats Street estimates in Q4; Net profit climbs 33% YoY on strong AI demand

Live Mint  

iPhone manufacturer Foxconn announced its fourth quarter results on Thursday, March 14, reporting a 33 per cent year-on-year rise in net profit, driven by a strong demand for artificial intelligence servers and high sales the year-end peak season. The world’s largest contract electronics maker's Q4 net profit is the strongest YoY growth logged for a quarter since March 2021, according …

Apple's 'Made in India' iPhones contribute to Rs 65,000 crore in exports in 2023
11 months, 2 weeks ago

Apple's 'Made in India' iPhones contribute to Rs 65,000 crore in exports in 2023

India TV News  

Apple has reportedly assembled the new iPhones which are worth more than Rs 1 lakh crore in India in 2023, as India doubles the down on local manufacturing. Riding on the local manufacturing growth, mobile phone exports from the country have surpassed USD 9 billion from April to November in the current fiscal year, as per the India Cellular and …

IPhone maker Foxconn plans ₹13,300 crore in India expansion bid
1 year ago

IPhone maker Foxconn plans ₹13,300 crore in India expansion bid

Hindustan Times  

IPhone maker Hon Hai Precision Industry Co. plans to expand its footprint in India with another NT$50 billion investment for construction projects. The logo of Foxconn is seen outside the company's building in Taipei, Taiwan, The announcement, made in an exchange filing in Taiwan late Monday, didn’t give any further details, saying only that the investment was for “operational needs.” …

Smartphone manufacturing: How 'Make in India' is marking a difference
1 year, 1 month ago

Smartphone manufacturing: How 'Make in India' is marking a difference

Firstpost  

The decisions by the likes of Apple, Foxconn and Micron to either expand or establish their India presence could not have come at a better time As India is looking to become the third largest economy in the world in the coming years, cutting-edge technologies across 5G/6G, satellite communication and semiconductors will contribute towards this growth. More than 90 per …

Foxconn expects strong holiday sales in Q4, Sept sales slump
1 year, 2 months ago

Foxconn expects strong holiday sales in Q4, Sept sales slump

The Hindu  

Taiwan's Foxconn, the world's largest contract electronics maker and a major Apple supplier, predicted on Thursday strong year-end holiday sales after September sales dropped, coming off a high base for consumer electronics. Foxconn said in a statement that with the second half of the year a "traditional peak season" for consumer tech products, operations "will ramp up sequentially". Foxconn, formally …

Make in India: Dell, HP, Foxconn, and others in line for state aid in production
1 year, 3 months ago

Make in India: Dell, HP, Foxconn, and others in line for state aid in production

Live Mint  

Amid central government's push to make a manufacturing hub for the world, its financial incentive plan to boost local production is receiving good response. Indian Premier Narendra Modi’s $2.1 billion financial incentive plan — a bid to boost local production of technology hardware such as laptops, personal computers, tablets and servers — has received an overwhelming industry response, Tech Minister …

Apple Supplier Foxconn Begins iPhone 15 Production in India
1 year, 4 months ago

Apple Supplier Foxconn Begins iPhone 15 Production in India

Deccan Chronicle  

Apple Inc.’s next-generation iPhone 15 is beginning production in Tamil Nadu, in an effort to further narrow the gap between its India operations and main manufacturing base in China. “Apple’s increased production in India will lead to more of its supply chain moving to the country,” said Shilpi Jain, a senior analyst at Counterpoint Research. Other Apple suppliers in India …

Apple Partner Foxconn On Hiring Spree At Largest Factory Ahead Of iPhone 15 Launch
1 year, 5 months ago

Apple Partner Foxconn On Hiring Spree At Largest Factory Ahead Of iPhone 15 Launch

ABP News  

Apple's largest and most prominent manufacturing partner Foxconn has ramped up hiring at the world's biggest iPhone factory in Zhengzhou province of China, weeks ahead of the launch of the upcoming iPhone 15. A recruiter named Zhao, which is responsible for hiring staff for Foxconn, is hiring permanent employees and temporary workers at an hourly wage of 21.5 yuan, the …

iPhone maker Foxconn buys huge site in India's tech hub Bengaluru
1 year, 7 months ago

iPhone maker Foxconn buys huge site in India's tech hub Bengaluru

Firstpost  

Bengaluru: As it looks to diversify production away from China, Taiwanese electronics giant Foxconn in a filing on Tuesday said that it has bought a huge tract of land on the outskirts of Indian tech hub Bengaluru. Foxconn, also known by its official name Hon Hai Precision Industry, is the world’s biggest contract electronics manufacturer and a principal assembler of …

iPhone maker Foxconn buys huge site in Devanahalli
1 year, 7 months ago

iPhone maker Foxconn buys huge site in Devanahalli

The Hindu  

May 09, 2023 09:50 pm | Updated 09:50 pm IST - Bengaluru Taiwanese electronics giant Foxconn has bought a huge tract of land on the outskirts of Bengaluru, the key Apple supplier said in a filing on Tuesday as it looks to diversify production away from China. Also known by its official name, Hon Hai Precision Industry, Foxconn is the …

iPhone maker Foxconn buys huge site in Bengaluru
1 year, 7 months ago

iPhone maker Foxconn buys huge site in Bengaluru

India Today  

Taiwanese electronics giant Foxconn has bought a huge tract of land on the outskirts of Indian tech hub Bengaluru, the key Apple supplier said in a filing Tuesday as it looks to diversify production away from China. Karnataka state chief minister Basavaraj S. Bommai said in March that Apple would "soon" manufacture iPhones at a new plant that would create …

iPhones prop up Apple’s latest quarterly earnings of $94.8 billion, sales of iPads, Macs plummets
1 year, 7 months ago

iPhones prop up Apple’s latest quarterly earnings of $94.8 billion, sales of iPads, Macs plummets

Firstpost  

Apple Inc reported their earnings that have gone above forecasts on Thursday, demonstrating the tech giant’s resilience in a slowing global economy thanks to higher-than-expected iPhone sales and significant gains in India and other emerging economies. Apple’s stock gained 2 per cent after the firm topped Wall Street’s revenue and profit projections for the first quarter ended April 1. Also …

India’s smartphone shipments decline 21% in Q1 2023: Report
1 year, 7 months ago

India’s smartphone shipments decline 21% in Q1 2023: Report

The Hindu  

India’s smartphone market shipments declined 21% in the March-ending quarter, compared to the same period last year. There were 34 new 5G smartphone launches in the first quarter of 2023, CMR’s ‘India Mobile Handset Market Review Report for Q1 2023’ report said. However, the super-premium smartphone segment and the Uber premium segment shipments saw remarkable growth of 96% and 208% …

Apple Inc supplier Pegatron to open 2nd factory in India
1 year, 9 months ago

Apple Inc supplier Pegatron to open 2nd factory in India

Firstpost  

Pegatron plans to add a second facility near the southern city of Chennai in Tamil Nadu state, just six months after opening the first with an investment of $150 million, said the sources, who sought anonymity as the talks are private New Delhi: Apple Inc’s Taiwanese supplier Pegatron Corp is in talks to open a second India factory, said two …

iPhone-Maker Foxconn Receives Karnataka Govt Approval On Rs 8,000 Crore Project, May Generate 50,000 Jobs
1 year, 9 months ago

iPhone-Maker Foxconn Receives Karnataka Govt Approval On Rs 8,000 Crore Project, May Generate 50,000 Jobs

ABP News  

The Karnataka government on Monday gave its nod to Rs Rs 8,000 crore project by iPhone-Maker Foxconn Hon Hai Technology India Mega Development Private Limited. The committee also cleared 18 other projects with a total projected investment of around Rs 75,393.57 crore. On March 3, a delegation led by Foxconn CEO and chairman Young Liu visited Karnataka and held a …

Apple supplier Foxconn plans $200m factory in India, sources say
1 year, 9 months ago

Apple supplier Foxconn plans $200m factory in India, sources say

Al Jazeera  

Source says Taiwan firm will invest more than $200m in the new AirPod plant in the southern Indian state of Telangana. One source said Foxconn will invest more than $200m in the new India AirPod plant in the southern Indian state of Telangana. The person, who requested anonymity as the matter was not public yet, said Foxconn officials had debated …

Apple supplier Foxconn plans to rely less on China for revenue
1 year, 9 months ago

Apple supplier Foxconn plans to rely less on China for revenue

Live Mint  

TAIPEI : Foxconn Technology Group, one of Apple’s biggest suppliers, said it would rely less on China as a source of revenue as it diversifies production sites to strengthen supply-chain resilience. Taiwan-based Foxconn, best known for assembling Apple Inc.’s iPhones and other products in big plants in mainland China, has been diversifying its production sites as well as the products …

Foxconn plans new India iPhone plant in shift away from China
1 year, 9 months ago

Foxconn plans new India iPhone plant in shift away from China

The Hindu  

Apple will manufacture iPhones at a new plant in India, officials said Friday, as the U.S. tech giant seeks to ramp up its India production and diversify away from China. The flagship mobile's global supply chain is based mainly in China, where strict Covid policies last year and ongoing diplomatic tensions with the United States have hurt production. Foxconn, the …

Foxconn Eyes India As It Plans $700 Million Investment In New Plant For iPhone Production
1 year, 9 months ago

Foxconn Eyes India As It Plans $700 Million Investment In New Plant For iPhone Production

News 18  

Foxconn Technology Group, a major manufacturer for Apple’s iPhone, is reportedly planning to invest up to $700 million to build a new plant in India. According to Bloomberg, Foxconn could be looking at producing iPhone parts on a 300-acre site located near Bengaluru, Karnataka. Last November, Foxconn’s Zhengzhou facility, known as the biggest Apple iPhone factory globally, faced challenges with …

Apple suppliers to invest Rs 2,800 cr in UP as iPhone maker to move more manufacturing to India
2 years ago

Apple suppliers to invest Rs 2,800 cr in UP as iPhone maker to move more manufacturing to India

India TV News  

With Apple eyeing to ramp up manufacturing in India amid Covid-related supply chain issues in China, the Yamuna Expressway Industrial Development Authority said on Wednesday that some of Apple suppliers have applied for land with the authority, with a proposed investment of Rs 2,800 crore while generating thousands of jobs. The China upheaval, which hit its key supplier Foxconn's Zhengzhou …

Foxconn To Build Hostels For 60,000 Employees In Tamil Nadu: Report
2 years ago

Foxconn To Build Hostels For 60,000 Employees In Tamil Nadu: Report

ABP News  

As Foxconn, the maker of iPhones, aims to boost the production of Apple devices in India, the company is reportedly building large hostels for nearly 60,000 employees at its manufacturing unit in Chennai, reported by the Economic Times. According to the report, in response to the strong domestic demand for Apple products and Foxconn’s aim to diversify away from China, …

Apple made China the backbone of its iPhone assembly. Shifting away could take years
2 years ago

Apple made China the backbone of its iPhone assembly. Shifting away could take years

CNN  

CNN — In early November, weeks before the peak holiday shopping season was about to kick off, Apple issued an unusual warning: customers would have to wait longer for the new iPhone 14 Pro models. In an investor note earlier this week, one analyst at Wedbush Securities estimated it would take Apple until at least 2025 or 2026 to move …

iPhone 14 Pro lose 6 million Apple foxconn biggest factory zhengzhou China covid 19 restrictions
2 years ago

iPhone 14 Pro lose 6 million Apple foxconn biggest factory zhengzhou China covid 19 restrictions

ABP News  

The ongoing disruption at Foxconn’s biggest iPhone manufacturing factory in the Zhengzhou district of China is set to cost dearly to Apple. The Zhengzhou Foxconn campus, which normally houses more than 200,000 employees is where the vast majority of iPhone Pro models are assembled has been hit by protests in the wake of strict Covid-19 restrictions and it will cause …

Apple Supplier Foxconn Offers Up To $1,800 Bonus To Employees To Stay At China's iPhone Plant
2 years ago

Apple Supplier Foxconn Offers Up To $1,800 Bonus To Employees To Stay At China's iPhone Plant

ABP News  

Apple supplier Foxconn is offering bonuses of as much as $1,800 to existing workers at China’s Zhengzhou facility, hoping to sustain the staff levels it needs to run the world’s largest iPhone factory, reported by news agency Bloomberg on Monday. The Bloomberg report stated that Foxconn, which is also known as Hon Hai Precision Industry Co., will top up wages …

Your iPhones may remain ’out of stock’ as Foxconn unrest in China risks shipment
2 years ago

Your iPhones may remain ’out of stock’ as Foxconn unrest in China risks shipment

Live Mint  

The world's largest Apple iPhone factory is set to see a reduction in shipment in November due to the latest unrest in China this week, according to the news agency Reuters. Foxconn's flagship iPhone plant in China has been grappling with strict Covid-19 restrictions that have fuelled discontent among workers and disrupted production ahead of Christmas and January's Lunar New …

iPhone delays weigh on Apple ahead of holiday season
2 years, 1 month ago

iPhone delays weigh on Apple ahead of holiday season

Live Mint  

Wait times for Apple Inc.’s most expensive smartphones are rising to what analysts say are record levels as the holiday shopping season kicks off, threatening to curb sales at the company’s busiest time of year and derail a rally in the stock. “This could cause some further headwinds for Apple," said Matt Maley, chief market strategist at Miller Tabak + …

Apple supplier Foxconn plans to quadruple workforce at India plant: Report
2 years, 1 month ago

Apple supplier Foxconn plans to quadruple workforce at India plant: Report

Live Mint  

Apple supplier Foxconn plans to quadruple the workforce at its iPhone factory in India over two years, two government officials with knowledge of the matter said, pointing to a production adjustment as it faces disruptions in China. While the size of the plant in India's southern state of Tamil Nadu is dwarfed by Foxconn's Zhengzhou plant, which employs 200,000 workers, …

Apple supplier Foxconn says working to resume China production as soon as possible
2 years, 1 month ago

Apple supplier Foxconn says working to resume China production as soon as possible

The Hindu  

Taiwan's Foxconn, Apple Inc's biggest iPhone maker, said on Monday it was working to resume full production at a major plant in China's Zhengzhou as soon as possible that has been hit by COVID-19 curbs and revised down its fourth quarter outlook. The Zhengzhou Airport Economy Zone in central China said it would impose "silent management" measures with immediate effect, …

Chips drive highest Samsung Q2 profit since 2018, but demand cooling
2 years, 5 months ago

Chips drive highest Samsung Q2 profit since 2018, but demand cooling

The Hindu  

South Korea's Samsung Electronics Co Ltd turned in its best April-June profit since 2018 on Thursday, underpinned by strong sales of memory chips to server customers even as demand from inflation-hit smartphone makers cools. Smartphone demand weakens Rising inflation, concerns about a downturn in major markets, the war in Ukraine and China's COVID-19 lockdowns have resulted in slowing smartphone sales, …

Apple supplier Foxconn to hire more people, offer bonuses as iPhone 14 launch nears
2 years, 5 months ago

Apple supplier Foxconn to hire more people, offer bonuses as iPhone 14 launch nears

India Today  

Apple’s Foxconn plant is aggressively hiring for workers and no brownie points for guessing why. The plant is now on a hiring spree and will also offer bonuses to new workers as Apple is gearing up for the iPhone 14 launch. As per South China Morning Post, Foxconn has started hiring new assembly line workers and trainees. The South China …

iPhone Manufacturer Foxconn Warns Of Revenue Decline Amid Slowing Demand, Supply Chain Issues
2 years, 7 months ago

iPhone Manufacturer Foxconn Warns Of Revenue Decline Amid Slowing Demand, Supply Chain Issues

ABP News  

New Delhi: Apple's contract manufacturer Foxconn has warned that revenue could fall in this quarter, courtesy of the declining demand in locked down China, inflation and the growing supply chain issues. Earlier this month, Apple had decided to start production of the upcoming iPhone 14 models earlier than usual and to keep up with Apple's preparations to ensure that the …

iPhones worth Rs 47,000 Crore To Be Made in India In FY23; More Cheaper Apple Phones This Year?
2 years, 7 months ago

iPhones worth Rs 47,000 Crore To Be Made in India In FY23; More Cheaper Apple Phones This Year?

News 18  

Apple’s iPhones worth Rs 47,000 crore are expected to be made in India in the current financial year, compared with Rs 10,000 crore worth of these smartphones manufactured in the financial year 2021-22, according to an ET report quoting sources. Apple to see record shipments of around seven million units this year, giving it its highest-ever market share of 5.5 …

Apple Q2 earnings: iPhone maker warns of serious supply headwinds in China
2 years, 7 months ago

Apple Q2 earnings: iPhone maker warns of serious supply headwinds in China

CNN  

CNN Business — Apple topped Wall Street’s estimates in its latest quarter and reported one of the strongest three-month periods in its history on Thursday thanks to record revenues for its services business and strong iPhone sales. CEO Tim Cook kicked off the earning call by recognizing the company’s efforts in Ukraine, such as donating products to support refugees arriving …

Made-in-India iPhone 13 Coming Soon: A Look at Apple's Mega Plan to Capture Mass Market in India
2 years, 8 months ago

Made-in-India iPhone 13 Coming Soon: A Look at Apple's Mega Plan to Capture Mass Market in India

News 18  

Apple has reportedly started assembling its latest mobile phone model iPhone 13 in India at the plant of its contract manufacturing partner Foxconn in Chennai. “We are excited to begin making iPhone 13 — with its beautiful design, advanced camera systems for stunning photos and videos, and the incredible performance of the A15 Bionic chip — right here in India …

Foxconn factory making iPhones in Tamil Nadu to reopen from January 12
2 years, 11 months ago

Foxconn factory making iPhones in Tamil Nadu to reopen from January 12

India Today  

Apple supplier Foxconn will reopen the iPhone production facility in southern India on Wednesday, January 12, according to government authorities and a legislator in the region where the plant is located. The Foxconn plant in Sriperumbudur, near Tamil Nadu employed roughly 17,000 people but it was closed on December 18 following protests over 250 workers who fell sick because of …

Qualcomm can keep growing without Apple, analysts say
3 years, 1 month ago

Qualcomm can keep growing without Apple, analysts say

The Hindu  

Investors once believed that Qualcomm Inc's fortunes rose and fell with Apple Inc's iPhone, which uses a key "modem" chip from the San Diego company to connect to mobile data networks. But as Qualcomm prepares for an investor presentation on Tuesday where it will outline plans to land its chips in everything from virtual reality headsets to self-driving cars to …

Apple Earnings Call Shows Strong iPhone 12 and Mac Sales, Warns Chip Shortage May Hurt Business
3 years, 7 months ago

Apple Earnings Call Shows Strong iPhone 12 and Mac Sales, Warns Chip Shortage May Hurt Business

News 18  

Cupertino-based giant Apple yesterday posted its latest earnings report yesterday, where the company showed a strong ongoing demand for iPhone 12 in Q1 2021. Apple Chief Executive Tim Cook said on an investor call that Apple avoided a chip shortage in the fiscal quarter by burning through supply buffers. In the current quarter, however, the chip shortage could cost Apple …

Apple to soon make iPhone 12 in India, shift 7-10% of capacity from China
3 years, 9 months ago

Apple to soon make iPhone 12 in India, shift 7-10% of capacity from China

Business Standard  

Apple to soon make iPhone 12 in India, shift 7-10% of capacity from China iPhone 12, according to sources in the know, will be manufactured at the Hon Hai Precision Industry facility in Tamil Nadu - both for the domestic as well as well as the export market Premium Apple Inc. has tied up with three global vendors — Foxconn, …

Apple plans to manufacture iPad in India, seeks incentives
3 years, 10 months ago

Apple plans to manufacture iPad in India, seeks incentives

Live Mint  

New Delhi: Apple Inc is angling to participate in a new scheme to boost India's exports of computer products, part of what government and industry sources say are plans to bring iPad tablet manufacturing to the South Asian country. India launched a $6.7 billion plan to boost smartphone exports last year, as Prime Minister Narendra Modi stepped up efforts to …

After local manufacturing of iPhones, Apple looks at assembling iPads locally ahead of new PLI
3 years, 10 months ago

After local manufacturing of iPhones, Apple looks at assembling iPads locally ahead of new PLI

India Today  

Apple is looking at lobbying the India incentives as it aims to assemble iPads locally. The new performance-linked incentive scheme, which offers cash-back to manufacturers for exports, will have a budget of up to Rs 700 crore over five years, sources familiar with the matter told Reuters. The chaos that took place in Apple’s supplier Wistron factory in Karnataka last …

Apple iPhone's 2nd-largest contract manufacturer Pegatron approves Rs 1,100 cr investment under Make in India
4 years, 1 month ago

Apple iPhone's 2nd-largest contract manufacturer Pegatron approves Rs 1,100 cr investment under Make in India

India TV News  

Apple iPhone contract manufacturer, Pegatron, has approved the first installement of Rs 1,100 crore as part of its Make in India investments and set up manufacturing facilities in the country. Apple supplier is likely to make further investments in the country over the next two years, said Liao Syh-Jang, Pegatron CEO and MD. Talking about sales, then in the third …

India approves 16 companies, including top Apple suppliers, for smartphone plan
4 years, 2 months ago

India approves 16 companies, including top Apple suppliers, for smartphone plan

The Hindu  

India on Tuesday said it was approving incentives under a federal plan to boost domestic smartphone production to 16 companies, including top Apple suppliers Foxconn, Wistron and Pegatron. Two sources previously told Reuters these three companies plan to invest a total of almost $900 million in India in the next five years to benefit from the scheme. Samsung, which runs …

Govt. clears ₹11,000-cr. of PLI proposals by Samsung, others
4 years, 2 months ago

Govt. clears ₹11,000-cr. of PLI proposals by Samsung, others

The Hindu  

The Ministry of Electronics and IT said it had approved 16 proposals by electronics manufacturers, including Samsung, Foxconn, Lava and Micromax, entailing an investment of ₹11,000 crore under its Production Linked Incentive Scheme. The firms include five international mobile phone makers—Samsung, Foxconn Hon Hai, Rising Star, Wistron and Pegatron, and five domestic firms — Lava, Bhagwati, Padget Electronics, UTL Neolyncs …

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