Apple supplier Foxconn is on the hunt for semiconductor and EV deals in India
1 year, 9 months ago

Apple supplier Foxconn is on the hunt for semiconductor and EV deals in India

CNN  

Hong Kong CNN — Apple supplier Foxconn says it is seeking Indian partners to cooperate in areas such as chips and electric vehicles, as its chief executive wrapped up a visit to the country. Taiwan’s Foxconn has been looking to expand its operations in the South Asian giant after suffering severe supply disruptions in China last year. “My trip this week supported Foxconn’s efforts to deepen partnerships … and seek cooperation in new areas such as semiconductor development and electric vehicles.” “Foxconn will continue to communicate with local governments to seek the most beneficial development opportunities for the company and all stakeholders,” he added. One of India’s top ministers, Piyush Goyal, said in January that Apple wants to ramp up its production in the South Asian country to a quarter of its overall total from between 5% and 7% now.

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