A day after news emerged that Foxconn Technology Group was "forced" by Beijing to send back its Chinese engineers and technicians from its Tamil Nadu plant, sources indicate that the global electronics giant has already drawn up an alternative plan to rescue its India iPhone 17 production by bringing in experts from mainly Taiwan and the US.
The Foxconn move may have been prompted by the Chinese government's focus on strengthening its supply chain.
Tata Group is set to become India's first homegrown iPhone maker after Taiwan's Wistron Group agreed to sell a plant in Bengaluru to India's largest conglomerate. Wistron's board approved the sale of Wistron InfoComm Manufacturing (India) Private Ltd to Tata Electronics for $125 million, the Taiwanese electronics manufacturer said in a statement on Friday. The unit operates an iPhone assembly plant near Bengaluru.
Clearly, Foxconn Chairman Young Liu and his team are looking to raise their game in India.
In a boost to the electric vehicle boom in India, Taiwanese major Hon Hai Technology Group (aka Foxconn) is likely to set up an EV manufacturing unit in India through its subsidiary Foxtron. Amid speculation that the company may look at Tamil Nadu and probably the Ford India unit near Chennai for its new facility, sources indicate that the group was already betting big in the electric vehicle component space in India through Bharat FIH, which is already having a tie up with companies like Ola Electric and Ather. Bharat FIH currently has two manufacturing units in Tamil Nadu's Sriperumbudur that manufactures phones like Apple iPhones and Xiaomi phones.
Apple supplier Foxconn Technology Group on Monday said it has implemented a range of corrective actions and will start bringing back team members gradually to the Sriperumbudur factory, which was shut down last month following a mass food-poisoning incident at the plant's offsite dormitory facility. The factory located on the outskirts of Chennai in Tamil Nadu was shut down on December 18 after workers' protests on the back of a mass-food poisoning incident at the offsite dormitory facility. "We have been working on a series of improvements to fix issues we found at the offsite dormitory facilities at Sriperumbudur and to enhance the services we provide to our employees.
Foxconn means serious business in India. Its delegation to India was led by its Chairman Young Liu who met Prime Minister Narendra Modi.
The Z3 is the first phone to be launched by BlackBerry since new Chief Executive John Chen took the helm late last year.
Foxconn Technology Group will invest $210 million to build an Apple production line in October in east China's Jiangsu province, local officials said.
An employee of Foxconn Technology Group jumped to death from a building at the company's plant in Shenzhen on Tuesday, adding one more to the latest in a string of such deaths, official Xinhua newsagency reported.
SoftBank will hold majority stake in the joint venture.
CM makes 'Make in Maharashtra' pitch to China.
With Nikesh Arora's exit from Softbank, India's start-ups have lost one of its biggest supporters.
India's e-commerce sector is expected to touch $22bn in 2015.
The Taiwanese maker is adopting a model of setting up smartphone assembly lines in multiple cities across India.
Nokia Technologies will receive royalty payments from HMD for sales of Nokia-branded mobile products, covering both the brand and the intellectual property rights.
SoftBank's investments in the past two years include $627 million in online-retailing marketplace Snapdeal and leading a $210 million funding round in taxi-hailing app Ola Cabs.
Samsung makes the largest number of non-4G feature phones in India
Foxconn is the world's largest contract manufacturer for electronic goods and makes iPhones for Apple and smartphones for its Chinese rival Xiaomi.
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