A new, smaller Foxconn plant is planned for India, about half the size of the massive iPhone assembly facility in Zhengzhou, China – known as iPhone City – according to the latest Bloomberg report. Continue reading “Foxconn said to invest $700 million in manufacturing plant in India”
Taiwanese electronics giant, Foxconn, is setting up a manufacturing facility in Telangana that is expected to create employment opportunities for over one lakh people. Last year, the company said that it will be investing US$500 million in India. Continue reading “Foxconn to create 1 lakh jobs with new manufacturing facility in Hyderabad”
Prime Minister, Narendra Modi met Young Liu, Chairman, Foxconn yesterday during his visit to India. PM said that he welcomes plans for expansion of electronics manufacturing capacity in India, including in semiconductors. He said that the government’s push in EV manufacturing is in line with the commitment of Net Zero Emission. Continue reading “Foxconn keen on semiconductor & EV manufacturing in India”
For a long time now, Apple has been increasingly dependent on Chinese facilities such as Foxconn, Pegatron, etc., for the manufacturing of its diverse product portfolio. But now, according to a Wall Street Journal report, it looks like the company is slowly looking to diversify its manufacturing plans by telling its suppliers and contract manufacturers to manufacture more in India and Southeast Asia. Continue reading “Apple reportedly focusing on manufacturing hub outside China”
According to reports, Apple is said to begin assembling its top-end iPhones in India through the local unit of Foxconn as early as 2019. This will also be the first time the Taiwanese contract manufacturer will make the iPhones in the country. Continue reading “Foxconn said to begin assembly of premium iPhones in Tamil Nadu, India in 2019”
Foxconn is planning to invest in India, according to a latest report from the Times of India. The Taiwanese contract manufacturer plans to invest up to Rs 32,000 crore ($5 billion) in the country. Foxconn is looking forward for this move as it wants to create a parallel manufacturing hub apart from China. The company is eyeing to scale up India operations in an ‘exponential manner’. Continue reading “Foxconn plans to invest up to $5 billion in India”
Three alleged Foxconn employees have shared some details about Apple’s upcoming products via a Reddit thread. The thread sheds light on iPhone 8, Siri-powered speaker, Apple’s smart glasses and more. Giving insights about the smart glasses, the thread says it will come in crystal, champagne and black colors and will be available in different sizes for both men and women.
Continue reading “Foxconn insiders reveal details about iPhone 8, Apple’s smart glasses and more”
Foxconn is working on wireless charging for next generation iPhone, according to a latest report from Nikkei Asian Review. The contract smartphone manufacturer is testing wireless charging modules intended for use in the 2017 10th anniversary iPhone. Continue reading “Foxconn reportedly testing wireless charging system for next generation iPhone”
Hike, the homegrown messaging app has raised $175M from Foxconn and Tencent in Series D round of funding that values the company at $1.4 billion.
Continue reading “Hike secures $175M in funding from Foxconn and Tencent”
Xiaomi along with Foxconn is in talks with a couple of state governments to set up handset manufacturing plants in India, according to a latest report from the Economic Times. The move comes from the Chinese smartphone manufacturer to boost production in order to keep up with the growing demand.
Continue reading “Xiaomi and Foxconn reportedly eyeing to open manufacturing plants in India”
Just yesterday, the Commerce Ministry rejected Apple’s proposal of selling refurbished iPhones in India. Now, the government has turned down Foxconn’s plans to import refurbished phones in India.
Continue reading “Foxconn’s proposal to import refurbished phones in India rejected by government”
It looks like Apple is the next international smartphone maker that will ‘Make in India’. The company’s manufacturer Foxconn is close to signing a deal with Indian government to set up a manufacturing plant for iPhones in the country. Continue reading “Foxconn nears deal to set up $10 billion iPhone manufacturing plant in India”
After a delay of a month, Foxconn has finally agreed to buy Sharp at a price lower, as expected. The Taiwanese contract maker confirmed that it is paying close to 389 billion yen ( $3.5 billion approx.) for a majority 66 percent stake in Sharp. Continue reading “Foxconn agrees to acquire Sharp for $3.5 billion”
At the beginning of this year, it was reported that Foxconn has offered $5.1 billion to buy Sharp. However, the deal was delayed over the negotiation of the the bailout. Now, new reports are suggesting that both the companies are ready to ink the deal this week.
Continue reading “Foxconn to reportedly ink Sharp takeover deal this week”
Foxconn has offered a whopping $5.1 billion (600 billion yen) to acquire Japanese electronics maker Sharp Corp, according to a new report from Bloomberg. Sharp is expected to respond to the popular contract manufacturer’s offer by the end of this month.
Continue reading “Foxconn offers $5.1 billion to buy Sharp”