Foxconn

Tata Electronics is expanding its client base beyond Apple, aiming to diversify by partnering with tech giants like Microsoft, Dell, and HP

The Tamil Nadu government has approached the company with a proposal to offer 200 acres of land for the plant and incentives as talks reach final stages

Foxconn would only be able to share more details about the company's US plans after Jan 20, once Trump takes office and his policies become clearer

Foxconn, which employs thousands of women at the iPhone factory at Sriperumbudur, near Chennai, outsources recruitment of assembly-line workers to third-party vendors

Taiwanese electronics giant Foxconn has procured equipment worth USD 31.8 million (about Rs 267 crore) for its India factory as it gears up to start manufacturing of iPhone 16 Pro Series at its Tamil Nadu unit, according to a regulatory filing and industry sources. This is the first time Apple's high-end iPhone Pro series will be made in a country other than China. In a filing, Foxconn said, "Subsidiary Foxconn Hon Hai Technology India Mega Development Private Limited announces obtaining of machinery equipment" with a total transaction amount of "USD 31,804,528.45" from "APPLE OPERATIONS LIMITED". According to sources, the procurement has been done to add capacity in Foxconn's Tamil Nadu unit for manufacturing iPhone 16 Pro series smartphones. Apple earlier this month announced that it will begin to roll out its first-ever "made in India" iPhone 16 Pro and iPhone 16 Pro Max series soon. The supply of devices is expected to start late this month or early November.

The unit is expected to generate at least 14,000 jobs. Interestingly, of the 14 existing manufacturing units in the Apple supply chain, seven are already in Tamil Nadu

Benjamin Ting, Foxconn senior vice president for the cloud enterprise solutions business group, said the partnership between his company and Nvidia was very important

Tata Electronics is investing Rs 6,000 crore in this plant, which will make Tata the second-largest iPhone assembler in India, following Foxconn. The fire did not impact this facility

Taiwanese electronics manufacturing giant Foxconn will invest up to Rs 424 crore in a semiconductor joint venture it has set up with HCL Group, according to an official note and sources. The iPhone contract manufacturer has purchased a 40 per cent stake in a semiconductor joint venture (JV) for about Rs 312 crore. "If the potential investment of no more than USD 13,310,000 (about Rs 112 crore) is included, the total accumulated holding will not exceed USD 50,510,000 (about Rs 424 crore) and the cumulative shareholding ratio will be adjusted based on the actual capital increase," the company said in note on investment in the JV unit which is yet to be named. According to sources, the investment is for Foxconn-HCL OSAT (Outsourced Semiconductor Assembly And Test) plant to be set up in India. Foxconn earlier invested about Rs 246 crore in the JV through its subsidiary Big Innovation Holdings and further increased the investment amount to Rs 312 crore through Foxconn Hon Hai Technology

Foxconn has acquired around 500,000 sq ft at the ESR Oragadam Industrial & Logistics Park, located next to its smartphone assembly plant near Chennai

Foxconn-backed automotive technology company SiliconAuto has set up its research and development centre in Bengaluru which will focus on semiconductor product design and system-on-chip development for the automotive sector. SiliconAuto is a joint venture between the Netherlands-based Stellantis NV and Hon Hai Technology Group (Foxconn). "This new centre embodies SiliconAuto's commitment to innovation and excellence in the automotive industry. Our India team is set to drive forward our vision of a smarter and safer future for transportation. Bangalore, with its rich talent pool and thriving tech ecosystem, is the perfect location for our new design centre," SiliconAuto CEO, Gene Liu said in a statement. Foxconn India representative V Lee, in a social media post, said the R&D centre is poised to accelerate the company's innovative capabilities in the development of cutting-edge automotive technologies and solutions for the automotive industry, including Stellantis. Foxconn is in ...

The proposed project could be a significant milestone for the state, as it would be the first OSAT unit to be established in Uttar Pradesh, pending approval from the central government

Workers of General Motors India staged protests after the plant in western Maharashtra state was acquired by Hyundai Motor India, leading to a halt in production for five days

Apple is set to unveil its highly anticipated iPhone 16 series, which boasts new AI features, on Monday, with global sales expected to begin 10 to 12 days later

The Chennai-based company is targeting over a 40 percent rise in its revenue in the next two years

Southern states have all made offers to Foxconn to establish large industrial parks or townships, as the Apple manufacturer eyes expansion in India

iPhone contract manufacturer Foxconn wants women employees in India to take up lead positions in design and other technology-related positions, a top company official has said. Foxconn has 48,000 employees across India and 25 per cent of its new hires are married women. "We see not only the assembly work for women but also some design, technology-related positions. Lot of our current employees are highly educated. We would like to give them more opportunity to advance their position, not just limited to assembly work," Foxconn Chairman Young Liu told PTI. The Foxconn factory has about 70 per cent women and 30 per cent men. The company recently inaugurated a women-only residential complex built by the State Industries Promotion Corporation of Tamil Nadu (SIPCOT) in Sriperumbudur near Chennai that can house over 18,000 women employees working with Foxconn. Liu had then said there is an upward trend in all types of hiring by the Taiwanese electronics manufacturing major in India and

Electronics manufacturing giant Foxconn has infused about Rs 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. The iPhone contract manufacturer's Singapore-based arm Foxconn Singapore Pte has bought over 120.35 crore stocks of Foxconn Hon Hai Technology India Mega Development Pvt Ltd at Rs 10 per share on August 21. The Karnataka government in a statement last week said Foxconn is planning to invest Rs 25,000 crore to establish a massive manufacturing plant near Dodda Ballapur that will create 40,000 jobs. "The unit in Karnataka will soon become the second-largest Foxconn plant after China's unit. It will create 40,000 direct jobs, especially for middle-level educated individuals, and our investment will not stop here; in the future, we plan to explore other sectors also," Foxconn Chairman Young Liu was quoted as saying in the statement. With the fresh .

iPhone 16 Pro and Pro Max trial assembly begins in India by Foxconn with production costs expected to decrease by 10%. But retail prices in India may remain the same due to tax and component costs

The firm is reportedly looking beyond smartphones and considering segments like ICT, EVs