Foxconn looking for cooperation with India in chip and EV
By MYBRANDBOOK
Foxconn, a major supplier of Apple Inc, said that the company was seeking cooperation in India in areas such as chips and electric vehicles (EVs) after a visit to the country by its Chairman, Liu Young-way.
After China’s strict COVID-19 restrictions hampered the manufacturing of new-model iPhones and other devices and also due to the tensions between Beijing and Washington, Apple is shifting its production outside the country.
In January, India's trade minister said Apple, which began iPhone assembly in the country in 2017 through Wistron Corp and later Foxconn, wants India to account for up to 25% of its production from about 5% to 7% currently.
According to Foxconn, Liu had visited India from February 27 to March 4.
"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 said in a statement.
Foxconn is aiming to make EVs and 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 did not mention any new concrete 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 aside to set up a factory, the state government said on Friday.
At present, in India iPhones are assembled by three of Apple's global suppliers - Foxconn and Pegatron in Tamil Nadu, and Wistron in Karnataka.
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