Foxconn in India

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Foxconn, formally known as Hon Hai Precision Industry Co., Ltd., is a multinational electronics contract manufacturer headquartered in Taiwan. In recent years, Foxconn has been diversifying its operations in India, aiming to become a key player in the country's growing electronics and manufacturing sectors.[1]

Manufacturing Operations[edit]

Foxconn has established a manufacturing facility in Tamil Nadu, where it has initiated the production of iPhone 15 models. This move is part of Foxconn's broader strategy to make India a new global manufacturing hub, aligning with the Indian government's Make in India initiative.[2][3]

Investments[edit]

Foxconn has made significant investments in India, including a commitment of Rs 4,100 crore for the establishment of two new factories. Additionally, the company has invested Rs 8,800 crore in a new IPhone manufacturing plant located in Karnataka. These investments are expected to create numerous jobs and contribute to the local economy.[4][5]

Partnerships and Collaborations[edit]

Semiconductor Manufacturing[edit]

Foxconn has been exploring partnerships in the semiconductor sector. It is in advanced talks with Taiwan Semiconductor Manufacturing Co (TSMC) and Japan's TMH Group to establish semiconductor fabrication units in India. These collaborations come after Foxconn ended its joint venture with Vedanta.[6][7]

Electric Vehicles[edit]

Foxconn is also venturing into the Electric vehicle (EV) market in India. The company is considering setting up an EV manufacturing facility in Tamil Nadu, which could potentially revolutionize the Indian automotive industry.[8]

Challenges and Controversies[edit]

Foxconn's journey in India has not been without challenges. The company initially partnered with Vedanta for semiconductor manufacturing but later withdrew from the venture due to undisclosed reasons. Foxconn is currently exploring new partnerships to continue its semiconductor initiatives in India.[7][9]

See Also[edit]

References[edit]

  1. ↑ "Foxconn may soon start making iPhone 15 Plus models in India". Times of India.
  2. ↑ "Foxconn starts making iPhone 15 in Tamil Nadu". Times of India.
  3. ↑ "India to be new manufacturing centre: Foxconn chief". Times of India.
  4. ↑ "Apple-supplier Foxconn to invest Rs 4,100 crore for two factories in India". Livemint.
  5. ↑ "Foxconn to set up new Rs 8,800 crore iPhone manufacturing plant in Karnataka". Livemint.
  6. ↑ "Foxconn may partner with TSMC and TMH to set up fab units". Economic Times.
  7. ↑ 7.0 7.1 "Foxconn pursues India incentive despite withdrawing from Vedanta venture". TechCrunch.
  8. ↑ "Foxconn planning to make EVs in India, Tamil Nadu on radar". Economic Times Auto.
  9. ↑ "Foxconn finds a new partner to build chip plant in India after parting ways with Vedanta". Business Today.
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