Taiwan’s Foxconn seeks chip, EV cooperation with India

Big Apple supplier Foxconn said on Saturday that it was seeking cooperation in India in new areas such as chips and electric vehicles following a visit to the country by chairman Liu Young-way.

Apple has moved production out of China after the country’s strict Covid-19 restrictions disrupted production of new iPhone models and other devices, and amid tensions between Beijing and Washington.

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In January, India’s Commerce Minister said Applestarted assembling iPhone in the country in 2017 through Wistron and later Foxconn, wants India to account for up to 25% of production from about 5% to 7% today.

Taiwan’s Foxconn, the world’s largest contract electronics manufacturer and officially known as Hon Hai Precision Industry, said Liu visited India from February 27 to Saturday.

“My trip this week has supported Foxconn’s efforts to strengthen partnerships, meet old friends and make new ones, and seek cooperation in new areas such as development and innovation. development of semiconductors and electric vehicles,” Liu said in a statement.

Foxconn has ambitious plans to make electric vehicles and is also looking to make chips.

“On the basis of sharing, cooperation and mutual development, Foxconn will continue to liaise with local authorities to seek development opportunities that are most beneficial to the company and all stakeholders,” Liu said. more.

He did not mention any specific new investment plans in the country, and Foxconn has not announced any since his trip.

Apple’s iPhones will soon be assembled at another site in the southern Indian state of Karnataka, and 300 acres (120 hectares) have been set aside to set up a factory, the state government said on Friday.

Currently, iPhones are assembled in India by at least three of Apple’s global suppliers – Foxconn and Pegatron in Tamil Nadu and Wistron in Karnataka.