Compared to INR 2,745.7 Cr (about $3.1 billion) in the previous fiscal year, Apple India's net earnings increased 16% to INR 3,196 Cr (around $3.6 billion) in the fiscal year 2024–25 (FY25). A consistent increase in the company's top line
As it ramps up production of Apple AirPods, Foxconn Interconnect Technology (FIT), Hyderabad, a fully owned subsidiary of Taiwanese contract maker Foxconn, plans to increase its workforce and production lines over the course of the next six to eight months, as reported by ET. In April, the Kongara Kalan factory
According to reports, L&T Semiconductor Technologies and Hon Young Semiconductor, a subsidiary of contract maker Foxconn, inked a long-term agreement on 14 October to collaborate on the development of high-voltage semiconductor wafers. According to the Economic Times, the two businesses would create wafers for industrial and automotive applications
Tamil Nadu's industries minister, TRB Rajaa, announced today that Foxconn, a Taiwanese contract manufacturing giant, would invest INR 15,000 crore in the state, generating 14,000 high-value jobs. The minister claims that this is the state's biggest-ever commitment to engineering jobs and that it will
According to T. R. B. Rajaa, Tamil Nadu's Minister for Industries, Investment Promotion, and Commerce, the state's excellent infrastructure, talent pool, and governance are luring Apple suppliers and ecosystem companies to engage in component manufacture. State Incentives Boost Electronics Manufacturing To increase the production of electronic
According to persons with knowledge of the situation, Foxconn's Telangana facility has been unable to produce Apple AirPods because of a dysprosium scarcity brought on by China's crackdown on the export of rare earth metals. A little over forty-five kilometres from Hyderabad lies the Foxconn Interconnect
According to reports, the government will examine Dixon Technologies' recent deals with Chongqing Yuhai and Kunshan Q Technology, two Chinese electronics companies, as well as other domestic electronics manufacturers. According to a media agency, an official told them that when their application falls under Press Note 3 regulations, proper
Hundreds of Chinese engineers and technicians employed at Foxconn's facilities, Apple's primary supplier, were urged to leave as the company prepared to increase manufacturing of its next flagship iPhone in India. According to various media reports, more than 300 highly qualified employees have left Foxconn'
According to reports, the government has received 70 applications for its project to manufacture electronics components worth INR 22,919 Cr. The development was confirmed by Union Minister Ashwini Vaishnaw, who also noted that small and medium-sized businesses make up the majority of the applications. Vaishnaw informed a news source
India's sixth semiconductor plant, a INR 3,706 crore facility that would be established in Jewar, Uttar Pradesh, through a joint venture between HCL and Foxconn, was authorised by the Union Cabinet on 14 May. The facility will begin producing display driver chips for PCs, laptops, cars, and
Given the growing trade tensions between Washington and Beijing, these events represent a significant step in Apple's strategy to diversify its supply chain and lessen its dependency on China.
The majority of components are currently imported from the United States. Since President Donald Trump imposed significant tariffs on Vietnam, the Pixel manufacturer intends to be on the safer side.
The business is purportedly interested in a 300-acre tract of land along the Yamuna Motorway, according to a media outlet that reported on the 14th. The plant would be Foxconn's first presence in North India and might even be bigger than its next location in Bengaluru.
About 20% of all iPhones made worldwide are currently made in India, where production of the device increased by about 60% in the past year, according to the report. This effort follows India's PLI programme, which has been instrumental in drawing in large international electronics firms.
As per a media report, the move's specifics shed light on the American smartphone company's change of plan. Apple has taken this step to increase its stock of iPhones in the US.
This step is taken to concentrate on Apple's supply chain service rather than competing in the electronics manufacturing services (EMS) market.
According to reports, Foxconn, Apple's contract manufacturer in India, plans to double iPhone manufacturing at its Indian facilities to 25–30 million handsets this year. A media outlet reported that throughout the previous three to four months, the firm has been experimenting with limited testing operations at its
According to reports, electronics companies Dixon Technologies and Foxconn have pleaded with Indian authorities to pay INR 700 Cr in outstanding debts. The payments relate to the subsidies covered by the Centre's production-linked initiative (PLI) program that the two Apple vendors are eligible to receive. According to a
According to reports, Foxconn, a Taiwanese electronics giant, is in talks with the Tamil Nadu government about growing its battery manufacturing operations in India. The Tennessee government has approached Foxconn, the largest contract manufacturer in the US, about 200 acres of property for the company's proposed battery energy
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With steady growth, the tech industry is growing at an impressive 5.3% rate. The industry occupied around 35% of the total market base. And the count of tech companies is increasing with a high amount. For instance, the highest count of tech companies is based in the United States,
📄Company Profiles
Foxconn, or Hon Hai Precision Industry Co Ltd, is the biggest global electronics manufacturing company. Based in Tucheng, Taiwan, Foxconn is the name that manufactures electronics items for many well-known American, Chinese, Canadian, and Japanese companies. Popular products manufactured by Foxconn included iPad, iPod, Kindle, BlackBerry, Nokia devices, Sony devices,