India’s additional scrutiny of imports from China has disrupted operations at plants owned by Apple supplier Foxconn in southern India, three sources told Reuters, and other foreign firms are also facing delays as tensions between the two countries build.
Taiwan’s Foxconn is exploring the sale of its new $8.8 billion display panel factory in China, people familiar with the matter told Reuters, as demand for the product wanes amid an intensifying US-China trade war.
Vedanta Ltd and Taiwan’s Foxconn will invest $19.5 billion under pacts signed on Tuesday to set up semiconductor and display production plants in Gujarat, the home state of Indian Prime Minister Narendra Modi.
Taiwan’s Foxconn, the world’s largest contract electronics maker and major iPhone assembler for Apple, said on Sunday revenue in February fell 11.65 per cent year-on-year
Foxconn aims to provide components or services to 10% of the world’s electric vehicles (EVs) by between 2025 and 2027, and has been in talks with multiple car manufacturers for future cooperation, Chairman Liu Young-way said on Friday.
Taiwan’s richest man Terry Gou said on Friday he would cede control of tech giant Foxconn to a committee, leaving the Apple-supplier in uncharted waters while he runs for president.
Italian-American automaker Fiat Chrysler Automobiles (FCA) plans to set up a joint venture with the parent of iPhone assembler Foxconn to build electric cars (e-cars) and develop internet-connected vehicles in China, as it looks to make up ground in electric mobility.