Foxconn
Foxconn Commits $1.5 Billion Investment in India for Apple iPhone Production Expansion
Through an official stock exchange filing, Foxconn revealed that this investment will be utilized to fulfill "operational needs." While specific details regarding the allocation of funds remain undisclosed, this move signals Foxconn's commitment to expanding its manufacturing presence in India.
China kicks off probe into iPhone maker Foxconn: State media
According to a report in state-run media the Global Times, Chinese tax authorities have conducted inspections on key enterprises of Foxconn (Hon Hai Technology Group) in Guangdong and Jiangsu provinces, among other places. “The natural resources department has also conducted on-site investigations into the land use of key enterprises of Foxconn in Henan and Hubei provinces," the report said late on Sunday, citing sources.
Foxconn to establish industrial parks, optimise business in India: Chairman
Foxconn Chairman Young Liu said that since they entered India in 2005, its revenue, number of employees, and investment scale have grown exponentially.
100% committed to producing chips, display glass in India: Vedanta Chairman
Agarwal reacted after Taiwanese chip-making giant Foxconn announced it had withdrawn from a joint venture to manufacture chips with India-based industrial giant Vedanta. He said that India is a land of opportunities with huge potential.
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