The investment is believed to be for the Foxconn-HCL OSAT unit to be set up in India. The iPhone contract manufacturer had earlier invested about ₹2.46 billion in the JV through its subsidiary Big Innovation Holdings and further increased the investment amount to ₹3.12 billion through Foxcon...
"From the perspective of India's potential market size and if we can fully implement our plans there, I think several billion dollars in investment is only a beginning," Foxconn chairman Young Liu said when asked during an earnings call if the firm planned to invest $2 billion in India. F...
Foxconn’s withdrawal was deemed as a punch in face of the Indian government, as the venture is supposed to be India’s first electronic chip manufacturing unit. The Indian government has recognized the importance of semiconductor and given the industry the top priority as it moved forward its ...
The deal announced Tuesday is the scheme's most ambitious investment to date and will see a manufacturing facility built in Prime Minister Narendra Modi's home state of Gujarat. "India's own Silicon Valley is a step closer now," Vedanta group chairman Anil Agarwal tweeted on Tuesday, thanking...
Foxconn Technology Group, also known as Hon Hai Precision Industry Co, a partner of Apple, intends to double its investment in India. The… Terry Gou withdraws from Taiwan presidential race, bringing relief to Apple assembler Foxconn Friday, November 24, 2023 9:01 amNo Comments ...
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Foxconn has announced that it is withdrawing from a planned semiconductor plant in Gujarat, one of India’s 28 states. Foxconn’s decision to pull out of this highly publicised joint venture, which called for an investment of $19.5 billion, is...
The complex, built by the State Industries Promotion Corporation of Tamil Nadu (SIPCOT), is a first of its kind, reflecting active efforts by the local government to attract foreign investment, while meeting investor needs for sustainability and operational efficiency. The Vallam Vadagal residentia...
“One of our slogans during the statehood fight was employment. With the mega investment coming our way in the form of Foxconn, and the huge employment opportunities it brings, youngsters of Telangana state will truly be happy.”@KTRBRSpic.twitter.com/2GO234qDIO ...
Alongside announcing the latest financial earnings figures, Hon Hai Chairman Young Liu repeated the company's intention to increase its investment in India. Hon Hai already has over 30 factories in the country andBloomberghas previously reported that Hon Hai intends to invest more than $1.2 billion...