Young Liu, CEO of Taiwanese electronics firm Foxconn, bestowed with Padma Bhushan
New Delhi: In a notable acknowledgment of his distinguished contributions to the tread and industry sector, Young Liu, the Chief Executive Officer and Chairman of Foxconn, the Taiwanese multinational electronics contract manufacturer, has been honoured with the prestigious Padma Bhushan award.
Foxconn partners with STMicroelectronics NV to set up semiconductor factory in India
New Delhi: Foxconn Technology Group is partnering with STMicroelectronics NV to boost its chances of securing government incentives to build a semiconductor factory in India, Bloomberg reported.
Taiwanese chip-making giant's chairman Young Liu on Friday met Narendra Modi in New Delhi when the Indian PM welcomed Foxconn's plans to expand semiconductor and chip manufacturing capacity in India.
iPhone maker Foxconn plans to invest $700 mn in Bengaluru plant in a shift from China: Report
Apple’s partner Foxconn Technology Group intends to invest approx. $700 million to set up a new manufacturing facility in India to increase local production, highlighting the increasing trend of shifting manufacturing away from China due to escalating tensions between Washington and Beijing, Bloomberg reported.
India likely to manufacture 50 pc of all iPhones produced globally by 2027: Report
Beijing/New Delhi: India is expected to assemble 50 percent of all the iPhones manufactured by 2027, a big leap from its current share of less than 5 percent, to be at par with the scale of production in mainland China, according to media reports.
PLI scheme: Govt clears Rs 357 cr for Foxconn India for phone manufacturing
New Delhi/IBNS: The government has given the green signal to a production-linked incentive (PLI) scheme of over Rs 400 crore for Foxconn India and Padget Electronics for mobile phone manufacturing.
China: iPhone supplier Foxconn boosts pay in biggest production plant
Beijing/IBNS: Apple supplier Foxconn said it has quadrupled daily bonuses at a major iPhone production plant after a breakout by workers during a Covid lockdown.
Gujarat: Vedanta-Foxconn's chip plant creates one lakh jobs
New Delhi/IBNS: The Rs 1.54 lakh crore Vedanta-Foxconn semiconductor plant in Gujarat will reduce electronics imports and provide one lakh direct skilled jobs, Vedanta Chairman Anil Agarwal said Tuesday.
iPhone supplier Foxconn has halted production at its China headquarters and Shenzhen sites following COVID-19 lockdown in the region imposed and consequent closure of all non-essential businesses till March 20, media reports said.