Taiwan’s Foxconn seeks chip, EV collaboration with India | – #Taiwans #Foxconn #seeks #chip #collaboration #India
TAIPEI, March 4 (Reuters) – Big Apple Inc ( AAPL.O ) supplier Foxconn ( 2317.TW ) said on Saturday it was looking to collaborate in new areas such as chips and electric vehicles (EVs) after a visit to India. its chairman, Liu Young-way.
Appleafter the country’s strict COVID-19 restrictions halted production of new model iPhones and other devices, and amid tensions between Beijing and Washington, manufacturing moved away from China.
January India’s commerce minister said in 2017 that Wistron Corp ( 3231.TW ) and later Foxconn, which started manufacturing iPhones in the country Apple, currently wants about 5% to 7% of production to go to India. .
Taiwan’s Foxconn, officially Hon Hai Precision Industry Co Ltd, the world’s largest contract electronics manufacturer, said Liu was in India from February 27 to Saturday.
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“My visit this week supported Foxconn’s efforts to deepen partnerships, meet old friends and make new friends, and seek cooperation in new areas such as semiconductor development and electric vehicles,” Liu said.
Foxconn has ambitious plans to manufacture EVs and also intends to manufacture chips.
“On the basis of sharing, cooperating and developing together, Foxconn will continue to engage with local governments to seek the most beneficial development opportunities for the company and all stakeholders,” added Liu.
He did not mention specific new investment plans in the country and did not make any announcements after the Foxconn visit.
Apple’s iPhones will soon be assembled at another site in the southern Indian state of Karnataka, with 300 acres (120 hectares) earmarked for a factory, the state government said on Friday.
iPhones are currently assembled in India by at least three of Apple’s global suppliers — Foxconn and Pegatron ( 4938.TW ) in Tamil Nadu and Wistron in Karnataka.
By Ben Blanchard report; Edited by William Mallard
Our standards: Thomson Reuters Trust Principles.
2023-03-05 17:51:39
Source – reuters
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