Published 8 months ago

Apple iPhone maker Foxconn to invest $1.5 billion in India as it looks to build beyond China

Foxconn Technology's subsidiary, Hon Hai Technology India Mega Development, will invest over $1.5 billion in an Indian construction project to fulfill operational needs.
The investment comes after Foxconn pulled out of a $19.5 billion chipmaking joint venture in India, remaining confident about India's semiconductor industry ambitions.
Foxconn's factories in China, vital to Apple's iPhone production, were affected by Covid-19 lockdowns, urging suppliers like Foxconn to reassess their concentrated presence in China.

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Times of India

Foxconn to invest $1.6billion more in India to expand

Foxconn plans to expand its footprint in India with another $1.6 billion investment for construction projects. The announcement, made in an exchange filing in Taiwan late Monday, didn't give any further details, saying only that the investment was for "operational needs." A spokesperson for the company declined to say where the new facilities would be or what they would build. The news comes as Hon Hai and other Taiwanese electronics manufacture…

8 months ago·India

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News18 India

Foxconn to Invest $1.5 Billion to Expand Its India Operations

Taiwan's Foxconn will invest $1.5 billion in India in its latest expansion plan, the world's largest contract manufacturer of electronics said on Monday.

8 months ago·India

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NDTV

iPhone Maker Foxconn Plans $1.6 Billion Investment In India

IPhone maker Hon Hai Precision Industry Co. plans to expand its footprint in India with another NT$50 billion ($1.6 billion) investment for construction projects. The announcement, made in an exchange filing in Taiwan late Monday, didn't give any further details, saying only that the investment was for "operational needs." A spokesperson for the company declined to say where the new facilities would be or what they would build. The news comes as…

8 months ago·New Delhi, India

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Hindustan Times

IPhone maker Foxconn plans ₹13,300 crore in India expansion bid

Taiwan's Hon Hai Precision Industry plans to expand in India with $1.6bn investment.

8 months ago·New Delhi, India

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South China Morning Post

iPhone maker Foxconn invests US$1.6 billion in India expansion

The Taiwanese company, formally known as Hon Hai Precision Industry, has been diversifying its business outside mainland China, as tensions rise between Washington and Beijing.

8 months ago·Hong Kong

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Channel News Asia

Foxconn to invest $1.5 billion to expand India operations

BENGALURU : Taiwan's Foxconn will invest $1.5 billion in India in its latest expansion plan, the world's largest contract manufacturer of electronics said on Monday. The company, which announced the investment plan in a stock exchange filing, did not provide any further details.Foxconn has been rap

8 months ago·Singapore

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