Foxconn inks ₹1,600-crore deal with T.N. to set up electronic components manufacturing facility in Kancheepuram
1 year, 7 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 pool’s skills and industry readiness to cater to the evolving needs of the electronics industry and share knowledge and best practices in higher-order talent and workforce development. Mr. Rajaa said: “Foxconn’s repeated investments and expansion plans in Tamil Nadu are a testament to the State being the top choice for manufacturing in India for major companies across the world,” and added, “With this proposed investment, and many more to come, Tamil Nadu is poised to not only remain the top electronics exporter in the country but also significantly increase its electronics exports in the coming years. This will play a critical role in attaining our Chief Minister’s ambition of a $1-trillion economy in Tamil Nadu.” The development also comes at a time when Tamil Nadu has become the top exporter of electronic goods in India, with exports nearly tripling during 2022-2023 to $5.37 billion.

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History of this topic

Foxconn subsidiary Ennoconn joins Make In India drive, registers in Tamil Nadu as business entity
1 week, 6 days ago

Foxconn subsidiary Ennoconn joins Make In India drive, registers in Tamil Nadu as business entity

Firstpost  

Ennoconn’s entry occurs at a time when Foxconn is reportedly aiming to diversify beyond iPhone assembly into sectors like information and communication technology products and AI servers Foxconn, through its subsidiary Ennoconn, has made foray into the Indian market. Foxconn, the parent company, already operates the Apple iPhone assembly plant in Tamil Nadu’s Sriperumbudur taluk. Ennoconn’s entry occurs at a …

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

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

Foxconn denies allegations of discrimination against married women at Chennai iPhone plant
8 months, 2 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
1 year, 2 months 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 …

Karnataka clears Foxconn’s total investment of ₹21,911 crore
1 year, 3 months ago

Karnataka clears Foxconn’s total investment of ₹21,911 crore

The Hindu  

Taiwan-based electronic manufacturer Foxconn’s total investment proposal of ₹21,911 crore in Karnataka was approved by the State High-Level Clearance Committee chaired by Chief Minister Siddaramaiah here on Tuesday. In all, the committee cleared investment proposals worth ₹34,000 crore that are expected to generate employment for 14,702 people. He said that while Foxconn initially had a proposal of ₹8,000 crore, the …

IPhone maker Foxconn plans ₹13,300 crore in India expansion bid
1 year, 3 months 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 will double its investment in India as birthday gift to PM Modi
1 year, 6 months ago

Foxconn will double its investment in India as birthday gift to PM Modi

Op India  

On 17th September, Taiwanese contract manufacturing company Foxconn’s India representative, V Lee, wished Prime Minister Narendra Modi a happy 73rd birthday in a LinkedIn post and said the company plans to double its investment and people it employs in India in the next year. The company plans to double the workforce within the coming year, increase foreign direct investment and …

Foxconn’s gift to PM Modi: iPhone maker promises to hire thousands as it looks to expand in India
1 year, 6 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, 6 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 teams up with STMicro for semiconductor plant in India: Report
1 year, 6 months ago

Foxconn teams up with STMicro for semiconductor plant in India: Report

India Today  

Foxconn Technology Group is collaborating with STMicroelectronics NV to submit a joint bid for constructing a semiconductor manufacturing plant in India, with the aim of securing state support for this endeavor, reported Bloomberg News. It may be noted that setting up semiconductor manufacturing plants is a formidable task, as these facilities entail substantial investments, often reaching billions of dollars, and …

Foxconn gets board nod for $400 million investment in Telangana
1 year, 7 months ago

Foxconn gets board nod for $400 million investment in Telangana

The Hindu  

Leading contract manufacturer of electronics globally Foxconn, which operates through multiple entities, has announced board approval for a $400 million investment in Telangana, the southern State where in May it broke ground for a $500 million manufacturing facility. Telangana IT and Industries Minister shared a social media post of V. Lee, Foxconn representative in India, and said that adding the …

Foxconn to invest $400m more in Telangana
1 year, 7 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 to invest $600 million in Karnataka to set up two plants
1 year, 7 months ago

Foxconn to invest $600 million in Karnataka to set up two plants

Op India  

Taiwanese electronic manufacturing giant Foxconn will invest $600 million, almost ₹5,000 crore, to set up two manufacturing plants in Karnataka. Apart from projects in Karnataka, the Tamil Nadu government also announced that Foxconn will invest around $200 million in a new electronic components manufacturing facility. Investment commitment to establish a mobile component manufacturing facility in Kancheepuram district for Rs 1,600 …

Karnataka-Foxconn sign Letter of Intent for two new projects worth ₹5,000 crore
1 year, 7 months ago

Karnataka-Foxconn sign Letter of Intent for two new projects worth ₹5,000 crore

The Hindu  

The Karnataka government and iPhone maker Foxconn have signed the Letter of Intent to set up two additional projects with an estimated investment outlay of ₹5,000 crore, said Large and Medium Industries Minister M.B. The intended projects include a phone enclosure project for which Foxconn Industrial Internet,, a Foxconn subsidiary, will invest ₹3,000 crore that is estimated to create 12,000 …

Foxconn, Micron, AMD among top chip makers to participate in Semicon India event in Gujarat on July 28
1 year, 7 months ago

Foxconn, Micron, AMD among top chip makers to participate in Semicon India event in Gujarat on July 28

Live Mint  

Top chipmakers including Foxconn, AMD, Micron and IBM will attend the Semicon India conference in Gandhinagar, Gujarat. "The event promises to be a catalyst for the semiconductor industry's progress through invaluable networking, technology demonstrations, and lucrative business prospects,", a release by the Gujarat government on the Semicon India event read. Speakers for the three-day Semicon India event include Foxconn Chairman …

Foxconn arm Fii now proposes a project with ₹8,800 crore investment at Tumakuru in Karnataka
1 year, 8 months ago

Foxconn arm Fii now proposes a project with ₹8,800 crore investment at Tumakuru in Karnataka

The Hindu  

Foxconn Industrial Internet, a subsidiary of iPhone maker Foxconn, has made a proposal to set up a plant at Tumakuru in Karnataka with an investment outlay of ₹8,800 crore. As per the fresh proposal, Fii has explored opportunities to set up a plant that would bring in an investment of ₹8,800 crore to the state and generate 14,000 jobs. The …

Foxconn unit proposes second iPhone plant in Karnataka, to invest ₹8,800 crore
1 year, 8 months ago

Foxconn unit proposes second iPhone plant in Karnataka, to invest ₹8,800 crore

Hindustan Times  

Taiwanese electronics manufacturing giant Foxconn, which is a major supplier for Apple Inc, has proposed a second manufacturing unit in Karnataka, Large and Medium Industries Minister M B Patil said on Monday. Foxconn's unit, called Foxconn Industrial Internet, will set up a second plant of around 100 acres in Tumakuru by investing around ₹ 8,800 crore. Foxconn's unit, called Foxconn …

'Legal hurdles resolved, 300-acre of land will be given to Foxconn soon': Karnataka Minister MB Patil
1 year, 8 months ago

'Legal hurdles resolved, 300-acre of land will be given to Foxconn soon': Karnataka Minister MB Patil

Firstpost  

Earlier this week, Foxconn terminated its joint venture with India’s Vedanta Group for chip production. Sources revealed that Foxconn has been in talks with TSMC and TMH for quite some time now Karnataka’s Large and Medium Industry Minister MB Patil said on Friday that the legal hurdles to establishing iPhone makers’ Foxconn factory in the state have been cleared and …

Foxconn to pursue India plan without Vedanta, will apply for chip making unit separately
1 year, 8 months ago

Foxconn to pursue India plan without Vedanta, will apply for chip making unit separately

Op India  

A day after breaking the joint venture deal with metal-to-oil conglomerate Vedanta group, Foxconn announced on Tuesday, 11 July, that it is committed to India and will pursue its Semiconductor manufacturing plan in the country. In its official statement, the company stated that building fabs from scratch in a new geography is a challenge, but Foxconn is committed to investing …

Know why Foxconn broke up with Vedanta and set up shop in Tamil Nadu
1 year, 8 months ago

Know why Foxconn broke up with Vedanta and set up shop in Tamil Nadu

Firstpost  

When Foxconn ended its joint venture with Vedanta, a narrative was being pushed, which said that the Taiwanese tech giant had no confidence in India Semicon. Foxconn’s subsequent statement and the fact that they are setting up a new plant in Tamil Nadu, proves otherwise Taiwan’s Foxconn pulling out of its joint venture with India’s Vedanta seemed to be a …

Foxconn to apply for India chipmaking incentives after breaking up with Vedanta
1 year, 8 months ago

Foxconn to apply for India chipmaking incentives after breaking up with Vedanta

India Today  

Taiwan's Foxconn said on Tuesday it plans to apply for incentives that India is offering under its semiconductor manufacturing policy, a day after the company parted ways with Vedanta on a $19.5 billion chipmaking joint venture. "Foxconn is committed to India and sees the country successfully establishing a robust semiconductor manufacturing ecosystem," the company said. On Monday, Foxconn withdrew from …

Foxconn dumps $19.5 billion Vedanta chip plan in blow to India
1 year, 8 months ago

Foxconn dumps $19.5 billion Vedanta chip plan in blow to India

India Today  

Taiwan's Foxconn said on Monday it has withdrawn from a $19.5 billion semiconductor joint venture with Indian metals-to-oil conglomerate Vedanta, in a setback to Prime Minister Narendra Modi's chipmaking plans for India. Foxconn, the world's largest contract electronics maker, and Vedanta signed a pact last year to set up semiconductor and display production plants in Gujarat. "Foxconn has determined it …

Foxconn dumps $19.5bn Vedanta chip plan in blow to India
1 year, 8 months ago

Foxconn dumps $19.5bn Vedanta chip plan in blow to India

Al Jazeera  

India has made chipmaking a top priority for its economic strategy, and this pullout is a blow to efforts to get investors. Taiwan’s Foxconn has withdrawn from a $19.5bn semiconductor joint venture with Indian metals-to-oil conglomerate Vedanta, it said, a setback to Prime Minister Narendra Modi’s chipmaking plans for India. Modi has made chipmaking a top priority for India’s economic …

'India just getting started': Minister as Foxconn dumps $19.5 billion chip plan
1 year, 8 months ago

'India just getting started': Minister as Foxconn dumps $19.5 billion chip plan

India Today  

Taiwan’s Foxconn’s decision to withdraw from a $19.5 billion semiconductor joint venture with Indian conglomerate Vedanta “has no impact on India's Semiconductor Fab goals”, the government said today, adding that it was “a bad idea to bet against India under PM Modi”. Foxconn, the world's largest contract electronics maker, and Vedanta had signed a deal last year to build semiconductor …

Foxconn iPhone factory: Clash for credit breaks out between BJP, Cong; DK had called Bommai govt MoU with company 'fake'
1 year, 9 months ago

Foxconn iPhone factory: Clash for credit breaks out between BJP, Cong; DK had called Bommai govt MoU with company 'fake'

Firstpost  

Months after DK Shivakumar termed “fake” the then BJP government’s claims of new MoU with Foxconn to manufacture iPhones in the state, Karnataka minister Priyank Kharge on Thursday confirmed the veracity of the upcoming project Months after Congress leader DK Shivakumar termed “fake” the then BJP government’s claims of new MoU with Foxconn to manufacture iPhones in the state, Priyank …

Foxconn breaks ground for $500 million manufacturing plant near Hyderabad
1 year, 10 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 $300 million plant to take off on May 15
1 year, 10 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 …

iPhone-Maker Foxconn Receives Karnataka Govt Approval On Rs 8,000 Crore Project, May Generate 50,000 Jobs
1 year, 11 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’s top manufacturer Foxconn to invest in Karnataka and Telangana
2 years ago

Apple’s top manufacturer Foxconn to invest in Karnataka and Telangana

Live Mint  

Apple Inc.’s top manufacturer, Foxconn Technology Group, might be headed to India with major expansion plans which could include new production sites. Following Foxconn CEO Young Liu's visit to India from 27 February to 4 March, Karnataka CM Bommai released a statement on Friday that Apple would “soon" manufacture iPhones at a new plant in the state, creating "about 100,000 …

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

Foxconn announces investment in Karnataka, expected to create 100,000 jobs
2 years ago

Foxconn announces investment in Karnataka, expected to create 100,000 jobs

Op India  

In a big boost to India’s Atmanirbhar Bharat ambitions, Hon Hai Technology Group has announced a major investment in Karnataka that will generate over one lakh jobs, according to an official statement on Friday. The visit began with a walkthrough of the world-class new terminal 2, recently inaugurated by Prime Minister Narendra Modi, followed by a detailed presentation by senior …

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

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

Chips down on India: From Foxconn to TSMC, semiconductor giants are betting big on India
2 years, 1 month ago

Chips down on India: From Foxconn to TSMC, semiconductor giants are betting big on India

Firstpost  

Foxconn and Vedanta are already setting up their semiconductor fabricating plant in India and will invest $19.5 billion. However, other chip giants like TSMC, PSMC, Renesas Electronics, Intel and AMD are also looking for ways to set up factories in India. Ever since news N Chandrasekaran - chairman of the Tata group, announced that Tata Electronics will set up an …

Foxconn To Build Hostels For 60,000 Employees In Tamil Nadu: Report
2 years, 3 months 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, …

How Foxconn cleaned up its mess in India
2 years, 3 months ago

How Foxconn cleaned up its mess in India

Live Mint  

Lakshmi, who works with Foxconn’s mobile phone manufacturing facility at Sriperumbudur, near Chennai, stayed at the Pallava Hostel in the temple town of Kanchipuram. Contract workers were not made permanent even after a year of doing a core job though a Tamil Nadu government law stipulates that they should be after 240 days, several workers and labour unions said. Foxconn’s …

Apple supplier Foxconn plans to quadruple workforce at India plant: Report
2 years, 4 months 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, …

Vedanta, Foxconn to invest $19.5 bn in Gujarat for chip project
2 years, 6 months ago

Vedanta, Foxconn to invest $19.5 bn in Gujarat for chip project

The Hindu  

Vedanta Ltd. and Taiwan's Foxconn will invest $19.5 billion under a pact signed on Tuesday to set up a semiconductor project in Gujarat, Indian Prime Minister Narendra Modi's home state. Gujarat Chief Minister Bhupendrabhai Patel said the venture would create more than 100,000 jobs, and the state was prepared to extend any support to the project, which it won in …

Vedanta-Foxconn to set up massive semiconductor plant in Gujarat, Anil Agarwal announces 1.54 lakh crore investment
2 years, 6 months ago

Vedanta-Foxconn to set up massive semiconductor plant in Gujarat, Anil Agarwal announces 1.54 lakh crore investment

Op India  

The Vedanta Group and Foxconn, a Taiwanese electronic manufacturing powerhouse, have announced plans to establish a massive semiconductor manufacturing facility in Gujarat. Vedanta’s landmark investment of 1.54 lakh crores will help make India’s #Atmanirbhar Silicon Valley a reality,” Agarwal tweeted. He further added, “This project will help fulfil Hon’ble PM @narendramodi Ji’s vision of creating a robust manufacturing base in …

Foxconn and Vedanta to jointly manufacture semiconductor chips in India
3 years, 1 month ago

Foxconn and Vedanta to jointly manufacture semiconductor chips in India

Op India  

Foxconn, the Taiwanese manufacturing company, has partnered with Anil Agarwal’s Vedanta group, an Indian oil, gas, and metals conglomerate, to make semiconductor chips in India. This action follows the unveiling of the Rs 76,000 crore PLI scheme by the central government for semiconductor manufacturing in the country, which aims to make India one of the world’s major semiconductor manufacturing hubs. …

The curious case of Vedanta’s Foxconn tie-up to make chips
3 years, 1 month ago

The curious case of Vedanta’s Foxconn tie-up to make chips

Live Mint  

This week’s announcement that India’s Vedanta Group has tied up with Taiwan’s Foxconn Technology Group to make chips is being lauded as proof that New Delhi is gaining traction with its plans to build a semiconductor industry. India’s government is offering almost $7 billion of enticements to boost its electronics manufacturing sector, which includes a Production Linked Incentive scheme, and …

TECC delegation meets Jagan, discusses areas of collaboration
4 years, 4 months ago

TECC delegation meets Jagan, discusses areas of collaboration

The Hindu  

Taipei Economic and Cultural Centre Director General Ben Wang met Chief Minister Y.S. Greentech Industries MD Matthew Chin, Foxlink India Director Eric Ni, Gavin Chang of Apache Footwear, and PSA Walsin project manager Niranjan Prakash accompanied Mr. Wang. Taiwan Desk Earlier, the TECC delegation called on Minister for Industries M. Goutham Reddy at the APIIC head office at Mangalagiri. Mr. …

Tata group to set up ₹5000 crore phone component making unit in TN: Report
4 years, 4 months ago

Tata group to set up ₹5000 crore phone component making unit in TN: Report

Live Mint  

MUMBAI: The Tata group is investing ₹5,000 crore to set up a phone component manufacturing plant in Tamil Nadu, according to a report by The Hindu BusinessLine. The paper said Tata Sons company, Tata Electronics, has been allotted 500 acres by TIDCO and that group firm Titan Co Ltd’s precision engineering division, Titan Engineering and Automation Ltd, will provide the …

Bye China! Foxconn plans to expand Sriperumbudur plant with $1 Billion investment: What we know
4 years, 8 months ago

Bye China! Foxconn plans to expand Sriperumbudur plant with $1 Billion investment: What we know

India TV News  

Foxconn plans to expand Sriperumbudur plant with $1 Billion investment: What we know Foxconn, Taiwanese multinational electronics contract manufacturer which assembles Apple iPhone, is planning to invest up to $1 billion in India. Foxconn, Taiwanese multinational electronics contract manufacturer which assembles Apple iPhone, is planning to invest up to $1 billion in India. Foxconn may expand Chennai plant: What it …

Foxconn to invest $1 billion in India as Apple to shift factories from China
4 years, 8 months ago

Foxconn to invest $1 billion in India as Apple to shift factories from China

Op India  

Taiwanese electronics manufacturer Foxconn is set to invest up to $1 billion at the Sriperumbudur plant in Tamil Nadu state, reported Reuters. Boost to ‘Makes in India’ initiative According to a Hong-Kong based tech researcher, India’s cheap labour, coupled with the expansion of a supplier base would help Apple use the country for exports. Besides, the expansion of Apple in …

Apple supplier Foxconn to invest one billion dollars to expand factory in south India: sources
4 years, 8 months ago

Apple supplier Foxconn to invest one billion dollars to expand factory in south India: sources

Firstpost  

Foxconn’s investment in the Sriperumbur plant, where Apple’s iPhone XR is made some 50 km west of Chennai, will take place over the course of three years. Foxconn plans to invest up to $one billion to expand a factory in southern India where the Taiwanese contract manufacturer assembles Apple iPhones, two sources said. Foxconn’s planned investment in the Sriperumbur plant, …

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