Days after exiting the $19.5 billion Vedanta chip plan in India, Taiwan-based Foxconn has proposed to set up a Rs 8,800 crore supplementary plant in Karnataka. Karnataka’s large and medium industries minister M B Patil said on Monday that the major iPhone assembler for Apple has plans to invest Rs 8,800 crore for the plant … Read more
A day after it withdrew from a $19.5 billion semiconductor joint venture with mining baron Anil Agarwal’s Vedanta Ltd, Foxconn said it plans to apply for incentives that India is offering under its semiconductor manufacturing policy. “Foxconn is committed to India and sees the country successfully establishing a robust semiconductor manufacturing ecosystem. Foxconn is working … Read more
In a bid to diversify production away from China, Apple partner and Taiwanese multinational electronics contract manufacturer Foxconn on Monday acquired 1.2 million square metre or 13 million square foot land in the Devanahalli area near the Bengaluru airport in Karnataka, reported Focus Taiwan, the national news agency of the Republic of China. Foxconn subsidiary … Read more
India is set to revive its effort to lure prospective chipmakers into the country as projects already disclosed, including billionaire Anil Agarwal’s $19 billion plan, are taking time to get off the ground. New Delhi plans to reopen the application process for $10 billion in incentives and assistance intended to encourage local chipmaking, people familiar … Read more
Chip shortage is leading new facilities coming up globally. Now Vedanta and Foxconn have joined together to set up one in India. Key points to note – A new JV has been set up where Vedanta will hold majority and Hon Hai Technology Group (also known as Foxconn) will hold minority. Quantum of investment, entity … Read more
Apple supplier and the world’s biggest contract electronics manufacturer Foxconn, the world’s largest contract electronics producer is reportedly planning to unveil its first electric vehicle ‘FOXTRON’ in a few days’ time – precisely on October 18. According to couple of teasers released by Original Device Manufacturer (ODM), the front view of the new car has … Read more