Foxconn Bets Big on India with Its New Display Assembly
Foxconn plans to invest $1 billion in Tamil Nadu to set up its new display assembly facility. However, the timeline is not fixed yet; according to the Economic Times, Foxconn wants its facility to be up and running “as soon as possible.” Someone mentioned to Economics Time, “Foxconn has picked up about 500,000 square feet…
Shipra Prajapati
Apple To Shift Half Of Supply Chain From China To India
Recently, Apple has been trying to distance itself from China for obvious reasons and is investing heavily in India. Moreover, the company wants to shift half of its supply chain from China to India over the next three years, significantly increasing the number of jobs it offers in India. As per reports by the Economic…
ABHYUDAYA MITTAL
Israeli Semiconductor Company To Produce Chips In India
In an attempt to capitalise on the $10 billion dollar incentives offered by the Indian government, Israeli semiconductor manufacturing company Tower Semiconductors has pledged to invest around $8 billion in India to build a chip-manufacturing facility. Semiconductor manufacturing and assembly has been the key area of focus in business for the Modi government and for…
abhinav singh
Top Business News Round-Up From Asia
The development of Asia has speed up in the last few years thanks to emerging technology and the integration of AI. Read our Asian news round-up and stay up-to-date with all the latest developments from Asia. Singapore To See Acceleration In Its Economic Growth The Mastercard Economic Institute or MEI, has released a report, and…
Karnataka Government Approves Projects Worth $4.09 Billion
In an attempt to uplift the state’s economy, the Karnataka government has approved 14 investment projects worth $4.09 billion. According to the state authority, these projects have the potential to generate around 13,308 jobs in Karnataka. Out of the 14 approved projects, 10 are brand new, while the remaining 4 are old projects planned to…
SHAHID MUSHTAQ
Asian News Round-Up: Top News From Asia
The continent of Asia has some of the most powerful countries in the world. Asia has also been a place where the major production of goods takes place. So it’s safe to say that there is a lot that takes place in Asia. Today we will give you 3 of the top news from Asia. …
JYOTI
Foxconn & STMicro To Tie Up For Semiconductor Plant
Foxconn Technology Group, a Taiwanese multinational electronics contract manufacturer, has recently planned to tie up with STMicroelectronics NV, which is a Franco-Italian semiconductor manufacturer. Basically, this partnership is planned to develop a semiconductor plant in India. The two companies are keen to expand their business presence in the South Asian country and hope to receive…
Vishal Prajapati
Foxconn Seeking Investment Opportunities in India
The Taiwanese electronics manufacturing firm, Foxconn hopes to invest billions of dollars in India in the near future because it sees an opportunity for growth in the Indian economy. According to Foxconn Chairman and CEO Young Liu, the company’s annual turnover in the Indian market has surpassed USD 10 billion, which leads to enormous investment…
Over 20,000 Employees Left Apple’s Supplier Foxconn
Apple iPhone maker Foxconn Zhengzhou, China, saw a heavy departure of employees. Over 20,000 workers, along with new hires who have not started working on the production line yet, have left the plant, a Foxconn source familiar with the matter told Reuters on Friday. This comes just a day after violent protection broke out at…
Vipin
Vedanta & Foxconn To Build India’s First Chip Plant
India’s diversified mining company Vedanta Ltd. and Taiwan’s Foxconn signed a deal to set up a $20 billion semiconductor project in Gujarat. The project is intended to produce chips and displays near Ahmedabad. Bhupendrabhai Patel, the Chief Minister of Gujarat, said that the establishment of this manufacturing unit would create more than 100,000 jobs, and…