Page 7 - Foxconn

Foxconn Chairman, Vedanta semiconductor head discuss plant location

Electronics manufacturing services company Foxconn chairman Young Liu on Thursday met Vedanta Group's managing director Akarsh Hebbar to discuss the roadmap of their proposed electronic chip manufacturing plant and its location. Vedanta and Foxconn had signed a memorandum of understanding in February to form a joint venture company in India. Vedanta will hold 60 per cent of the equity in the JV, while Foxconn will own 40 per cent. "Foxconn Chairman Young Liu met Akarsh Hebbar, Vedanta Group's Global Managing Director of Display & Semiconductor Business, in New Delhi to discuss the next steps for their proposed partnership to manufacture semiconductor chips in India," Foxconn said in a statement. According to sources, both discussed the location of setting up their semiconductor plant, which will be announced soon. This is the first joint venture in the electronics manufacturing space after the government announced an incentive scheme for semiconductors and display ...

Foxconn likely to set up EV manufacturing unit in India through Foxtron

Buzz is that the company may look at the Ford India unit near Chennai for its new facility; sources say group was already betting big in EV components through Bharat FIH

Apple supplier Foxconn begins work on its 1st EV battery plant in Taiwan

The move came after the company said it aims to become the first EV maker that is "not short on material supplies."

Foxconn's Bharat FIH gets Sebi nod to raise Rs 5,000 crore through IPO

The initial share-sale of Bharat FIH comprises fresh issue of shares worth Rs 2,502 crore and an offer for sale of up to Rs 2,502 crore by promoter group and Foxconn unit Wonderful Stars

Vedanta-Foxconn talks with Karnataka on chip unit stuck over sops: Report

Vedanta-Foxconn is checking with other states such as Maharashtra, Gujarat, and Telangana to ascertain if they can find a better offer than Karnataka

Vedanta says it's in talks to raise up to $3 bn debt in semiconductors push

The conglomerate is diversifying into chip manufacturing by forming a joint venture with Taiwan's Foxconn.

Centre woos semiconductor makers in quest to become key global player

India will provide support for companies looking to invest in semiconductor manufacturing, Prime Minister Narendra Modi said on Friday

Taiwan's Foxconn suspends operation of two factories in China due to Covid

The coronavirus spike in China began in early March, and since then the case rate has grown rapidly, with over 20,000 cases registered daily over the last three days

More Chinese cities tighten controls as Shanghai Covid cases rise

Zhengzhou Airport Economic Zone, a central Chinese manufacturing area that includes Apple Inc supplier Foxconn, announced a 14-day lockdown on Friday "to be adjusted according to epidemic situation"

Semiconductor plant with Foxconn to come up in 2 years: Vedanta chairman

Vedanta chairman Anil Agarwal on Tuesday said that the company in partnership with Foxconn will set up a semiconductor manufacturing plant in the next two years. The Indian conglomerate had already entered into a pact with electronics manufacturing giant Foxconn to form a joint venture (JV) for manufacturing semiconductors in India. Agarwal termed the signing up of the pact with Foxconn as a "very big job", and said that the semiconductor industry will promote other sectors like automobiles and electronics in the country. Vedanta had unveiled its plan to invest in semiconductor manufacturing after the government announced a Rs 76,000-crore package to boost electronic chip and display ecosystem in the country. This is also the second attempt of Vedanta to enter the semiconductor space after its earlier plan to set up a display unit with about Rs 60,000 crore investment could not take off. Agarwal was speaking at the 7th National Leadership Conclave. According to the memorandum of

Taiwan's Pegatron to manufacture Apple iPhones worth Rs 7,258 crore

Manufacturer to invest Rs 250 crore, recruit 5,700 employees in India in FY23

Apple supplier Foxconn resumes normal operations in China amid Covid surge

Apple supplier Foxconn has "basically" resumed normal operations at its most important campuses in the Chinese city of Shenzhen after spiking Covid-19 cases forced a shutdown.

Foxconn 'basically' resumes normal operations in China's Shenzhen

This is happening 'under the premise of abiding by epidemic prevention policies and strictly implementing epidemic prevention and control', it added

Foxconn aims to get 5% of global market share for EV business by 2025

Foxconn is planning to capture around 5 per cent of the market share globally in the electric vehicles (EV) by the end of 2025.

Foxconn to operate under Covid-19 bubble in Shenzhen until Sunday

The world's largest contract electronics maker restarts some production and operations at its Shenzhen campuses.

Apple likely to start iPhone 13 production at Foxconn plant from April

The phones will be for both the domestic and export market

Foxconn halts Shenzhen operations, adjusts China production on Covid curbs

Major Apple Inc supplier and iPhone assembler Foxconn said on Monday it has suspended operations in the Chinese city of Shenzhen to comply with the local government's COVID-19 control policies

Vedanta, Foxconn's India chip venture is little more than a piece of paper

What we're really seeing is two companies petitioning the government for corporate welfare as it offers $7 bn of enticements to boost electronics manufacturing.

LIVE: Russia ready to discuss confidence-building measures, says Putin

An invasion could begin at any time, said White House in relation to the face-off between Russia and Ukraine. Vedanta has signed up with Foxconn to manufacture semiconductors in India

Vedanta signs up with Foxconn to manufacture semiconductors in India

The Vedanta Group had in January shared its intent to invest $15 billion for making displays and semiconductor chips in India over the coming five years