"foxconn"

Tata as one of Apple’s key partners is expected to handle nearly half of India’s iPhone output within the next two years

Apple achieved record iPhone production and exports in India during H1 2025, driven by a 53 per cent year-on-year rise. With Foxconn and Tata leading output, the move marks a strategic shift away from China and strengthens the Make in India push

Hundreds of Chinese professionals working at Foxconn India units have returned to China in the last two months

Prime Minister Narendra Modi will chair a crucial Union Cabinet meeting on Wednesday, focusing on policy and security matters. The session follows recent semiconductor approvals and is expected to revisit India’s strategic priorities amid evolving national and international developments

The Taiwanese tech giant said its Singapore-based arm has injected $1.5 billion into the company's Indian subsidiary with the purchase of 12.7 billion shares. Foxconn's Indian subsidiary Yuzhan Technology India, makes components for smartphones in Tamil Nadu

Apple India has recorded a 60 per cent jump in iPhone production from its Indian supply chain with a turnover close to Rs 1.89 lakh crore during the financial year ended March 31, 2025

The US tech giant is considering this move as a temporary solution to reduce the rising cost of importing products from China, according to a report by The Wall Street Journal.

Replying to a query during the Question Hour in Legislative Council on Tuesday, Sridhar Babu said Foxconn would set up its facility in Hyderabad and that the reports about the company planning to shift to other States were false.

The iPhone exports from India surged to cross $10 billion in 2023-24 from $6.27 billion in 2022-23. Overall, the iPhone maker's India operations reached $23.5 billion in value in the last fiscal (FY24).

Though the current financial year is half way through, approvals have been accorded for only 724 units, which is much lesser than compared to the last financial year.

The iPhone unit by Tata is being built in Hosur, Tamil Nadu, where, the facility is expected to employ over 50,000 workers, mostly women. The 250-acre Hosur plant will manufacture iPhones using components from a unit that Tata set up a couple of years ago

Says the southern State aims to move at the fastest pace to create industrial zones for Foxconn and other large global manufacturing firms

Nara Lokesh met the Foxconn representatives at his residence in Undavalli, said the government would provide all facilities so that Foxconn can develop a ‘manufacturing city’ to create more jobs.

“Karnataka Government will extend full support to Foxconn. We will provide everything from water, electricity, and roads to legal assistance,” Karnataka Chief Minister Siddaramaiah was quoted as saying. He held a meeting with Foxconn Chairman Young Liu at Bengaluru on Friday.

From being a top investment destinaton, State under Congress regime has seen several big companies turn their attention to somewhere else

The Karnataka government has approved an investment proposal of around Rs 22,000 crore from Foxconn.

The company has earmarked Rs 1,200 crore as an initial investment for the project.

CM Revanth Reddy in a letter to the Foxconn Chairman said: We are glad to have Foxconn as our strategic partner in this endeavour and remain fully committed to working with you

As per a Global Times report, Chinese tax authorities have conducted inspections on pivotal enterprises of Foxconn (Hon Hai Technology Group) in provinces including Guangdong and Jiangsu.

Foxconn has rapidly expanded its presence in India by investing as part of its supply chain diversification from China in an evolved post-pandemic world order.