Apple Partner Foxconn To Set Up Manufacturing Facility in Telangana, May Create 1 Lakh Jobs
1 year, 9 months ago

Apple Partner Foxconn To Set Up Manufacturing Facility in Telangana, May Create 1 Lakh Jobs

News 18  

Taiwanese electronics giant Foxconn will set up its manufacturing facility in Telangana, even as Hon Hai Technology Group and the state government have signed an agreement. Foxconn Chairman Young Liu on Thursday called on Telangana Chief Minister K Chandrashekar Rao. According to a Bloomberg report, Apple Inc partner Foxconn Technology Group plans to invest about $700 million on a new plant in India to ramp up local production. He called Foxconn’s huge investment and the opportunity to create more than one lakh jobs like never before in Telangana ‘commendable.’ The Chief Minister further said steps will be taken to ensure that one lakh jobs are available to the state’s youth and assured Young Liu that his government will provide necessary support to Foxconn for its operations in the state.

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History of this topic

iPhone-maker Foxconn infuses ₹1,200 crore in Karnataka unit
3 months, 4 weeks 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 …

Minister Lokesh urges Foxconn to establish mega manufacturing city in Andhra
4 months ago

Minister Lokesh urges Foxconn to establish mega manufacturing city in Andhra

New Indian Express  

VIJAYAWADA: Minister for Human Resource Development, Information Technology, and Electronics Nara Lokesh, who promised to create 2 million jobs for the youth, has been actively working towards fulfilling the election promise. On the occasion, Minister Lokesh informed the Foxconn representatives about the new electronics policy which would be unveiled soon. We will extend all cooperation for this,” Minister Lokesh told …

Foxconn head Young Liu sees potential to expand sectors, visit Hyderabad
4 months, 1 week ago

Foxconn head Young Liu sees potential to expand sectors, visit Hyderabad

New Indian Express  

HYDERABAD: Stating that Hyderabad has the potential to expand in all sectors, Foxconn chairman Young Liu on Friday announced that he would visit the city soon to explore investment opportunities. Revanth also outlined the development of the “Fourth City”, saying that it will focus on multifaceted growth in sectors such as education, life sciences, medicine, sports, electronics, electrical industries and …

CM Siddaramaiah hosts Foxconn chief, discusses firm’s big plans for Karnataka
4 months, 1 week ago

CM Siddaramaiah hosts Foxconn chief, discusses firm’s big plans for Karnataka

New Indian Express  

BENGALURU: Chief Minister Siddaramaiah on Friday assured Taiwanese electronics manufacturer Foxconn of complete support to its projects in Karnataka, and requested the firm further invest in the state. Our government is always ready to support you, and I request that you further invest in Karnataka, which has huge investment potential,” the CM said during a meeting with Young Liu, Chief …

Eager to explore investment opportunities in proposed new city, Foxconn chairman tells Telangana CM
4 months, 1 week ago

Eager to explore investment opportunities in proposed new city, Foxconn chairman tells Telangana CM

The Hindu  

Taiwanese electronics contract manufacturing major Foxconn has conveyed interest in exploring investment opportunities in Hyderabad, especially the fourth city the government has mooted on the outskirts, to Chief Minister A. Revanth Reddy. “The Chief Minister highlighted Telangana’s new investment friendly policies and the ambitious Fourth City project, extending an invitation to Foxconn. Stating that he was impressed with Mr.Reddy’s vision …

Foxconn to build new business HQ in Henan
4 months, 4 weeks ago

Foxconn to build new business HQ in Henan

China Daily  

Foxconn Technology Group, the world's largest electronics manufacturing contractor, plans to invest 1 billion yuan to establish a new business headquarters in Zhengzhou, Henan province, as the company is diversifying revenue sources and reducing its heavy dependence on assembling Apple's iPhones. Roger Sheng, vice-president of research at US market research company Gartner, said Foxconn is diversifying its business layout and …

Foxconn to invest 1b yuan in new headquarters
4 months, 4 weeks ago

Foxconn to invest 1b yuan in new headquarters

China Daily  

The logo of Foxconn is seen at Longhua district, Shenzhen, Guangdong province, Sept 3, 2022. Foxconn Technology Group, the world's largest electronics manufacturing contractor, plans to invest 1 billion yuan to establish a new business headquarters in Zhengzhou, Henan province, as it has signed a strategic partnership with the provincial government. With a construction area of approximately 70,000 square meters, …

Foxconn denies allegations of discrimination against married women at Chennai iPhone plant
5 months, 3 weeks ago

Foxconn denies allegations of discrimination against married women at Chennai iPhone plant

New Indian Express  

CHENNAI: Taiwan-based Foxconn on Thursday said it does not stand for discrimination in hiring or recruitment and it takes corrective action “up to and including termination of the hiring agency” when it comes across any such issue. Reacting to the Union Ministry of Labour and Employment seeking a detailed report from the Tamil Nadu labour department on the issue of …

Foxconn Delegation Meets Telangana CM, Assures to Start Hyderabad Ops by May '24
11 months, 3 weeks ago

Foxconn Delegation Meets Telangana CM, Assures to Start Hyderabad Ops by May '24

Deccan Chronicle  

HYDERABAD: A delegation of the Foxconn Group, a Taiwanese company that manufactures Apple products, on Tuesday met Chief Minister A. Revanth Reddy at the Secretariat to discuss the company’s expansion plans for Telangana. The delegation, led by Foxconn's Hon Hai Precision Industry Company Limited’s representative Wee Lee, said that its manufacturing plant at Kongarakalan on the city outskirts will become …

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.” …

Foxconn under tax and land use investigations in China
1 year, 2 months ago

Foxconn under tax and land use investigations in China

The Hindu  

Taiwanese tech giant Foxconn is under tax and land use investigations at several of its sites in China, state media reported on October 22. Chinese authorities are inspecting Foxconn's sites in southern Guangdong province and Jiangsu in the east, as well as carrying out on-site investigations into the company's land use in central Hunan and Hubei provinces, China's state-run Global …

Foxconn’s gift to PM Modi: iPhone maker promises to hire thousands as it looks to expand in India
1 year, 3 months ago

Foxconn’s gift to PM Modi: iPhone maker promises to hire thousands as it looks to expand in India

Firstpost  

Foxconn has hinted that it plans to expand rapidly in India and will create tens of thousands of jobs by next year. Lee expressed Foxconn’s strong commitment to doubling its workforce, increasing foreign direct investment, and expanding its overall business operations in India within the next year. We will redouble our efforts to offer you an even greater birthday gift …

Foxconn backs India’s role in electronics manufacturing
1 year, 3 months ago

Foxconn backs India’s role in electronics manufacturing

Live Mint  

NEW DELHI : Foxconn Technology Group chairman Young Liu has backed India as an important country for the future of manufacturing, saying that the opportunities for the development of electronics manufacturing and industrial chains were huge. I don’t think it’s perfect to speculate from history, but we feel that development of the entire ecosystem and industrial chain, and the opportunities …

Foxconn seeks to work with STMicro to build India chip plant
1 year, 3 months ago

Foxconn seeks to work with STMicro to build India chip plant

Live Mint  

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. Taiwan’s Foxconn and Franco-Italian STMicro are applying for state support for a 40-nanometer chip plant, people familiar with the matter said, asking not to be identified as the plan …

Foxconn to invest $400m more in Telangana
1 year, 4 months ago

Foxconn to invest $400m more in Telangana

Deccan Chronicle  

HYDERABAD: In a major boost to the state’s manufacturing sector, third-party phone and peripherals contract manufacturer Foxconn Group on Saturday announced an additional investment of $400 million into Telangana. Another $400 million is coming,” V. Lee, Foxconn’s India representative, announced on his LinkedIn wall, while sharing FIT Hon Teng Limited's 'voluntary announcement' that the company had made to the Hong …

Foxconn inks ₹1,600-crore deal with T.N. to set up electronic components manufacturing facility in Kancheepuram
1 year, 4 months ago

Foxconn inks ₹1,600-crore deal with T.N. to set up electronic components manufacturing facility in Kancheepuram

The Hindu  

Taiwanese firm Foxconn Technology Group, a key supplier to Apple Inc., on Monday gave a commitment to the Tamil Nadu government to invest ₹1,600 crore to establish a manufacturing facility in Kancheepuram district. According to a senior government official, this MoU enables Foxconn to support research and development capabilities in partnership with IIT-M for Tamil Nadu to improve the talent …

PM Modi meets Foxconn chief days after Taiwanese firm breaks from $20 bn JV with Vedanta
1 year, 4 months ago

PM Modi meets Foxconn chief days after Taiwanese firm breaks from $20 bn JV with Vedanta

Hindustan Times  

Foxconn chief Young Liu met Prime Minister Narendra Modi in Gujarat’s Gandhinagar on Friday, where both attended Semicon India 2023 conference. The meeting comes days after the Taiwanese company withdrew from a $20 billion joint venture - Vedanta Foxconn Semiconductors Limited - that would have brought the first chip manufacturing plant in India. PM Modi meets Foxconn chief Young Liu …

Foxconn delegation meets CM, plans supplementary plant
1 year, 5 months ago

Foxconn delegation meets CM, plans supplementary plant

Deccan Chronicle  

Bengaluru: The delegates of Foxconn Industrial Internet, a subsidiary of i-phone maker, led by Foxconn Chief Executive Officer Brand Cheng held discussion with Chief Minister Siddaramaiah in Bengaluru on Monday over setting-up of Foxconn supplementary plant in about 100-acre of land. To the Foxconn delegation, Chief Minister Siddaramaiah extended an invitation to set-up its plant and assured the state government …

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 …

Foxconn denies allegations Apple will move supply chain outside China
1 year, 5 months ago

Foxconn denies allegations Apple will move supply chain outside China

China Daily  

The logo of Foxconn is seen at Longhua district, Shenzhen, Guangdong province, Sept 3, 2022. Liu Young-way, chairman and CEO of Foxconn Technology Group, the world's largest electronics manufacturing contractor, denied that Apple Inc planned to move its supply chains out of Chinese mainland. Foxconn, formally known as Hon Hai Precision Industry Co, is a key supplier of Apple. Looking …

iPhone-Maker Foxconn to Build Electric Two-Wheeler Factory in India, Reveals Annual Report
1 year, 6 months ago

iPhone-Maker Foxconn to Build Electric Two-Wheeler Factory in India, Reveals Annual Report

News 18  

Taiwanese company Foxconn, renowned for manufacturing Apple iPhones, is reportedly preparing to venture into the electric vehicle manufacturing market in India. In its recently released annual report on May 31, Foxconn revealed its plans to set up a production line in India this year specifically for two-wheeler electric vehicle manufacturing services. During Foxconn Chairman Young Liu’s previous visit to India, …

Foxconn to start manufacturing iPhone in Karnataka by April 2024
1 year, 6 months ago

Foxconn to start manufacturing iPhone in Karnataka by April 2024

The Hindu  

Taiwan’s Foxconn Technology Group will start manufacturing iPhones at its proposed Devanahalli plant, north of Bengaluru city in Karnataka, by April 2024, according to M.B. When Foxconn representatives led by George Chu met the Minister on June 15, he reiterated that the Karnataka Government would hand over the required land to the company by July 1 to facilitate manufacturing of …

Karnataka govt. to hand over land to iPhone maker Foxconn by July 1: Minister M.B. Patil
1 year, 6 months ago

Karnataka govt. to hand over land to iPhone maker Foxconn by July 1: Minister M.B. Patil

The Hindu  

Large and Medium Industries Minister M.B. Patil on Thursday said that Foxconn plans to start manufacturing iPhone units by April, 2024, at its proposed Devanahalli plant as the State government would be handing over the required land by July 1 this year. Along with this, the Government would ensure 5 MLD of water, quality power supply, road connectivity and other …

Apple To Manufacture Only AirPods In India: Report
1 year, 7 months ago

Apple To Manufacture Only AirPods In India: Report

ABP News  

With Apple's biggest supplier and contract manufacturer Foxconn investing $500 million in a manufacturing facility in the Indian state of Telangana, the tech giant is likely to start making only AirPods here and may not manufacture iPads and Mac personal computers in the country, says a report by The Economic Times. Apple partner Foxconn's investment in Telangana is likely to …

Foxconn breaks ground for $500 million manufacturing plant near Hyderabad
1 year, 7 months ago

Foxconn breaks ground for $500 million manufacturing plant near Hyderabad

The Hindu  

Electronics manufacturing major and iPhone maker Apple’s supplier Foxconn broke ground on Monday for a production plant near Hyderabad, on which Telangana IT Minister K.T. A greenfield project, the facility will create 25,000 direct jobs in its first phase itself, Mr. Rao told the groundbreaking at Kongara Kalan, in neighbouring Ranga Reddy, in the presence of Foxconn subsidiary Foxconn Interconnect …

Foxconn's Hyd unit to take off today
1 year, 7 months ago

Foxconn's Hyd unit to take off today

Deccan Chronicle  

HYDERABAD: Telangana state will scrpit a new historical chapter in the industrial sector on Monday, with Taiwanese multinational electronics giant Foxconn beginning its works on setting up its manufacturing facility in Kongara Kalan on the city’s outskirts with an investment of nearly Rs 3,500 crore. Rama Rao and Foxconn officials will take part in the ground-breaking ceremony on Monday and …

Foxconn's $300 million plant to take off on May 15
1 year, 7 months ago

Foxconn's $300 million plant to take off on May 15

Deccan Chronicle  

HYDERABAD: The $300 million electronics manufacturing facility of Foxconn, Taiwanese multinational electronics contract manufacturer, is all set to take off on May 15 in Telangana. Foxconn chairman Young Liu and his team met Chief Minister K. Chandrashekar Rao, and Industries Minister K.T.Rama Rao at Pragathi Bhavan on March 2. Following the meeting, the Chief Minister's Office issued a press release …

Will be in close contact with Karnataka regarding manufacturing project: Foxconn
1 year, 9 months ago

Will be in close contact with Karnataka regarding manufacturing project: Foxconn

Live Mint  

Hon Hai Technology Group on Monday said it will be in "close contact" with the Karnataka government to take forward and ensure the "successful grounding" of its manufacturing project near Bengaluru. "My team will be in close contact with your team to take this forward and ensure successful grounding of "Project Elephant" in Bengaluru. Thanking the Chief Minister and his …

Foxconn chairman writes to CM, confirms plant in Telangana
1 year, 9 months ago

Foxconn chairman writes to CM, confirms plant in Telangana

Deccan Chronicle  

HYDERABAD: Ending the confusion over setting up an electronic manufacturing facility in Telangana, Foxconn Technology Group chairman Young Liu wrote a letter to Chief Minister K. Chandrashekar Rao on Monday stating that the Taiwanese contract manufacturing giant is committed to setting up the plant at Kongarakalan Park on the city outskirts while referring to the CM as a "new friend …

Keen to take project forward in Bengaluru, says Foxconn in letter to Bommai
1 year, 9 months ago

Keen to take project forward in Bengaluru, says Foxconn in letter to Bommai

The Hindu  

Two days after issuing a ‘clarification’ that “no binding and definitive” agreements were made on investments in Karnataka, Taiwanese Hon Hai Precision Industry Co. Ltd. on Monday wrote to Karnataka Chief Minister Basavaraj Bommai expressing keenness to take forward its proposed electronics production facility in Karnataka. Foxconn Chairman Young Liu, in his letter to Mr. Bommai, promised to ensure successful …

BRS scrambles to save face after Foxconn denies signing investment agreement
1 year, 9 months ago

BRS scrambles to save face after Foxconn denies signing investment agreement

Deccan Chronicle  

HYDERABAD: A statement from Taiwanese major Foxconn on Saturday, denying it had “binding, definitive” agreements to invest in India, left the ruling Bharat Rashtra Samithi scrambling to save face, three days after it had claimed that the firm would set up a Hyderabad unit and generate 1 lakh jobs over 10 years. Foxconn issued the statement in response to announcements …

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 …

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 electronics unit to come up in Hyderabad, generate 1 lakh jobs
1 year, 9 months ago

Foxconn electronics unit to come up in Hyderabad, generate 1 lakh jobs

Deccan Chronicle  

Hyderabad: Taiwanese multinational electronics contract manufacturer Hon Hai Technology Group signed a memorandum of understanding with the state government on Thursday to establish its manufacturing facility in the state. Chief Minister K. Chandrashekar Rao, along with Foxconn chairman Young Liu, who was in the city, announced that an electronics manufacturing facility would come up in Hyderabad. Welcoming Foxconn to Telangana, …

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 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, …

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 …

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