Apple Partner Foxconn Seeking India’s Cooperation to Make EVs, Chips

Major Apple provider Foxconn stated on Saturday it was looking for cooperation in India in new areas like chips and electrical autos (EVs) after a go to to the nation by its chairman, Liu Young-way.

Apple has been shifting manufacturing away from China after the nation’s strict COVID-19 restrictions disrupted the manufacturing of latest iPhone fashions and different gadgets, and amid tensions between Beijing and Washington.

In January, India’s commerce minister stated Apple, which started iPhone meeting within the nation in 2017 by means of Wistron Corp and later Foxconn, needs India to account for up to 25 p.c of its manufacturing from about 5 p.c to 7 p.c at the moment.

Taiwan’s Foxconn, the world’s largest contract electronics maker and formally referred to as Hon Hai Precision Industry Co Ltd, stated Liu had visited India from February 27 to Saturday.

“My trip this week supported Foxconn’s efforts to deepen partnerships, meet old friends and make new ones, and seek cooperation in new areas such as semiconductor development and electric vehicles,” Liu stated in an announcement.

Foxconn has bold plans to make EVs, and can also be trying to make chips.

“On the basis to share, collaborate and thrive together, Foxconn will continue to communicate with local governments to seek the most beneficial development opportunities for the company and all stakeholders,” Liu added.

He didn’t point out any new concrete funding plans within the nation, and Foxconn has not introduced any since his journey.

Apple’s iPhones will quickly be assembled at one other web site within the southern Indian state of Karnataka, and 300 acres (120 hectares) have been apart to arrange a manufacturing facility, the state authorities stated on Friday.

Currently, iPhones are assembled in India by not less than three of Apple’s world suppliers – Foxconn and Pegatron in Tamil Nadu, and Wistron in Karnataka.

© Thomson Reuters 2023