Foxconn talks of solo chip run in India

Taiwan’s Foxconn Technology Group (Hon Hai) is in discussions with the Indian authorities for establishing a semiconductor plant by itself, and with none authorities incentives, a senior official stated.

A high-powered Foxconn crew, led by chairman Young Liu, has simply concluded a controversy-hit week-long India go to. Karnataka and Telangana governments launched separate letters of intent signed with Foxconn after the corporate seemingly downplayed its plans to arrange manufacturing vegetation in two states.

To shut the problem, Liu on Monday wrote to the chief ministers of the 2 states, stressing Foxconn’s dedication to arrange digital manufacturing vegetation.

The world’s largest contract producer has a $1 trillion investible surplus and it wants semiconductor chips value $40 billion for its personal consumption.

A glance into Foxconn’s India journey up to now and the highway forward.

Announcements made throughout Young Liu’s latest India go to

Current operations in India

• Plant at Sriperumbudur in Tamil Nadu underneath Hon Hai manufactures iPhones and employs over 35,000 individuals.
• Plant at Sri City in Andhra Pradesh underneath Bharat FIH assembles non-Apple manufacturers like Xiaomi. The manufacturing unit additionally makes casings, mechanics, parts and Printed Circuit Boards Assembly (PCBAs).
• The plant has over 25,000 staff.

India plans and EV ambitions

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