Hon Hai Precision Industry Company (Foxconn) on March 14 reported a bigger-than-expected 33 percent increase in Q4 net profit and said it was also looking for a significant rise in revenue this year.
1 min read15 Mar 2024Foxconn's Chairman & CEO Young Liu is now the only foreigner to have been given the Padma Bhushan, India's third highest civilian honour. This comes amid Foxconn diversifying investments and production away from China and towards India. It's also an acknowledgment of deepening ties between India & Taiwan. Watch
26 Jan 2024Foxconn CEO Young Liu is among the winners of the Padma Awards 2024, receiving the Padma Bhushan for his contributions as a global business leader.
1 min read26 Jan 2024China often does not explain the actions taken by its regulators publicly, leaving companies with operations in the country guessing at the ultimate goals of the government. Given the Communist Party’s immense power, that opaque approach to oversight of the economy has unsettled foreign executives
5 min read23 Oct 2023China's natural resources department has initiated on-site investigations into the land usage of Foxconn enterprises located in Henan province, Hubei province, and other areas
1 min read22 Oct 2023According to data submitted by Minister of State for Electronics and Information Technology Rajeev Chandrasekhar in Rajya Sabha. India’s semiconductor chip imports increased by 92% over the last three financial years. That's not surprising considering India is reliant on imports to meet its chip demand but what's worrying is that India's chip import from China jumped 53% during the same period. Should India be worried? Watch the full video to find out.
1 Aug 2023The location for these factories will be in Karnataka, but the exact location has not yet been revealed.
1 min read1 Aug 2023Foxconn is doubling down on its India plans. The Taiwanese electronic components major is all set to make another big-ticket investment in India. This time, one of its subsidiaries, FII is planning to invest 200 mn dollars in the country. Foxconn wants to make electronic components in a brand-new plant in Tamilnadu. According to Reuters, the subsidiary is already in talks with the government.
27 Jul 2023Apple's major iPhone assembler Foxconn has proposed setting up a ₹8,800 crore supplementary plant in Karnataka and creating 14,000 jobs.
1 min read17 Jul 2023Developments in India’s Semiconductor space are unfolding at a rapid pace. Within days of pulling the plug on the joint venture with Vedanta, Taiwan’s Foxconn announced plans to go solo. And now, according to an economic times report, Foxconn wants to set up 4-5 fabs in India. Taiwanese electronics major has told the government about at least 2 MOUs it has signed with tech partners.
12 Jul 2023The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared