Foxconn, an Apple supplier, has grand plans to produce chips and electric vehicles. After its chairman, Liu Young-way, visited the nation, major Apple Inc. supplier Foxconn announced on Saturday that it was seeking collaboration in India in new sectors like chips and electric vehicles (EVs).
After China’s stringent COVID-19 regulations disrupted the production of new-model iPhones and other devices and amid tensions between Beijing and Washington, Apple has been shifting production away from that country.
According to the trade minister of India, Apple wants India to produce up to 25% of its products rather than the 5% to 7% it does now. Apple started assembling iPhones in India in 2017 through Wistron Corp. and later Foxconn.
Foxconn, the biggest producer of contract electronics in the world officially known as Hon Hai Precision Industry, claimed Liu visited India from February 27 to February 28.
“My trip this week supported Foxconn’s efforts to strengthen partnerships, meet up with old friends and make new ones, and seek collaboration in new areas like semiconductor development and electric vehicles,” Liu said in a statement. Foxconn has big plans to produce chips and electric vehicles.
Liu continued, “Foxconn will continue to communicate with local governments to seek the most advantageous development opportunities for the company and all stakeholders on the basis of sharing, collaborating, and thriving together.
He made no reference to any fresh, specific investment plans for the nation, and Foxconn has not made any since his visit.
The state government of Karnataka in southern India announced on Friday that 300 acres (120 hectares) have been set aside for the construction of a factory where Apple’s iPhones will soon be assembled.
At least three of Apple’s international partners currently assemble iPhones in India: Foxconn and Pegatron in Tamil Nadu, and Wistron in Karnataka.
