Foxconn Technology
Foxconn to invest up to $1.37 billion to expand cloud compute services and accelerate AI development
Foxconn's board has approved a $1.37 billion investment plan to build a new AI compute cluster and supercomputing centre. The move aligns with its strategy to enhance cloud services and diversify beyond traditional smartphone manufacturing.
2 min read28 Oct 2025Foxconn to make more components locally to ramp up India presence
Foxconn, which assembles iPhones for Apple, is also looking to assemble and make more components for other companies, including Google's Pixel smartphones.
2 min read14 Oct 2025India's iPhone dream faces setback as Foxconn recalls Chinese tech experts
At stake is India’s ability to expand its assembly lines without oversight from China-based technology experts, partners and stakeholders, experts told Mint.
5 min read9 Jul 2025Foxconn Q4: Chipmaker's revenue hits $64.72 billion; beats estimates over high AI server demand
iPhone assembly giant Foxconn's revenue surged to $64.72 billion, beating analyst estimates due to high AI server demand in the current market, reported the news agency Reuters.
1 min read5 Jan 2025Foxconn has discussed making bid for Nissan
The contract manufacturing giant has been weighing acquiring Nissan as part of plans to expand its nascent electric-vehicle business, according to people familiar with the matter.
1 min read18 Dec 2024‘Don't mention unmarried requirement…’: Apple iPhone maker Foxconn asks Indian headhunters to tweak job criteria on ads
Apple iPhone maker Foxconn reportedly ordered its Indian hiring vendors to remove certain job criteria such as age, gender, and marital status from the advertisement. The company did not comment on whether or not it had ended restrictions on employment norms.
1 min read18 Nov 2024Land, power and skill: Inside the high-stakes battle to build the next Foxconn City
Foxconn has already invested $10 billion in India. Now, it wants to expand and establish large campuses. Apart from factories, these mini-cities would host residential facilities, recreational areas, hospitals and schools. Four Indian states are eyeing this investment.
9 min read13 Nov 2024China detains employees at Apple iPhone factory run by Foxconn
Four Taiwanese employees at Chinese facilities that make products for Apple have been detained by local authorities.
2 min read10 Oct 2024Foxconn plans to invest ₹424 crore in semiconductor JV with HCL
Foxconn reportedly invested more than $1.4 billion in India as of August 2024. The business has grown to $10 billion. The company employs more than 48,000 people in India.
1 min read1 Oct 2024Foxconn invested $1.4 billion in Indian business till date; CEO Young Liu says 'we will grow together with...'
Foxconn India, the iPhone manufacturer has invested $1.4 billion in India to date, as per a PTI report on Sunday, August 18. The company's business has grown by more than $10 billion till the financial year ended 2024.
3 min read18 Aug 2024