"foxconn"

Replying to a query during the Question Hour in Legislative Council on Tuesday, Sridhar Babu said Foxconn would set up its facility in Hyderabad and that the reports about the company planning to shift to other States were false.

The iPhone exports from India surged to cross $10 billion in 2023-24 from $6.27 billion in 2022-23. Overall, the iPhone maker's India operations reached $23.5 billion in value in the last fiscal (FY24).

Though the current financial year is half way through, approvals have been accorded for only 724 units, which is much lesser than compared to the last financial year.

The iPhone unit by Tata is being built in Hosur, Tamil Nadu, where, the facility is expected to employ over 50,000 workers, mostly women. The 250-acre Hosur plant will manufacture iPhones using components from a unit that Tata set up a couple of years ago

Says the southern State aims to move at the fastest pace to create industrial zones for Foxconn and other large global manufacturing firms

Nara Lokesh met the Foxconn representatives at his residence in Undavalli, said the government would provide all facilities so that Foxconn can develop a ‘manufacturing city’ to create more jobs.

“Karnataka Government will extend full support to Foxconn. We will provide everything from water, electricity, and roads to legal assistance,” Karnataka Chief Minister Siddaramaiah was quoted as saying. He held a meeting with Foxconn Chairman Young Liu at Bengaluru on Friday.

From being a top investment destinaton, State under Congress regime has seen several big companies turn their attention to somewhere else

The Karnataka government has approved an investment proposal of around Rs 22,000 crore from Foxconn.

The company has earmarked Rs 1,200 crore as an initial investment for the project.

CM Revanth Reddy in a letter to the Foxconn Chairman said: We are glad to have Foxconn as our strategic partner in this endeavour and remain fully committed to working with you

As per a Global Times report, Chinese tax authorities have conducted inspections on pivotal enterprises of Foxconn (Hon Hai Technology Group) in provinces including Guangdong and Jiangsu.

Foxconn has rapidly expanded its presence in India by investing as part of its supply chain diversification from China in an evolved post-pandemic world order.

Aspiring Taiwanese independent presidential candidate Terry Gou has resigned from the board of Foxconn, the Apple supplier he founded nearly a half-century ago

India is wooing global IT and electronics players with policy sweeteners and incentive schemes, making a push to position itself as a global powerhouse for hi-tech manufacturing.

Terry Gou, the billionaire founder of the electronics giant Foxconn, declared Monday that he will run as an independent candidate for president in Taiwan's 2024 election

Sources indicate that a limited batch of 'Make in India' iPhone 15 units is set for swift export to other nations shortly after its global launch.

Foxconn has already laid foundation for its plant at Kongara Kalan. The unit is expected to provide 25,000 jobs.

FoxSemicon Integrated Technologies manufactures sophisticated subassemblies for Applied Materials, a semiconductor and display equipment manufacturer.

Praising the determination of the Indian government, Liu shows optimism about India's trajectory on its semiconductor journey.