In Short : Foxconn has announced a significant investment of ₹13,000 crore in Tamil Nadu, aimed at creating 14,000 jobs. This investment will bolster the state’s manufacturing capabilities and contribute to the local economy. The initiative aligns with India’s push to enhance domestic production and attract foreign investment in the electronics sector, positioning Tamil Nadu […]
Taiwan’s Foxconn plans to invest $1.54 bn more in India – EQ
In Short : Taiwan-based Foxconn, a major electronics manufacturer, has announced its plans to invest an additional $1.54 billion in India. This significant investment indicates Foxconn’s continued commitment to expanding its operations in the country, potentially contributing to the growth of India’s manufacturing sector and the creation of employment opportunities. In Detail : Taiwanese tech […]
Maha govt had offered Rs 39,000 crore incentives to Foxconn, Rs 10,000 crore more than Gujarat: Samant – EQ Mag
Nagpur : Maharashtra minister Uday Samant on Wednesday said the Eknath Shinde-led government had offered Rs 39,000 crore incentives to Vedanta-Foxconn for its semiconductor manufacturing project, which was Rs 10,000 crore more than what was offered by neighbouring Gujarat. Addressing a press conference here, he also said that if Foxconn or any other semiconductor manufacturer […]
Foxconn dumps $19.5 bln Vedanta chip plan in blow to India – EQ Mag
Foxconn, the world’s largest contract electronics maker, and Vedanta signed a pact last year to set up semiconductor and display production plants in Gujarat. By Reuters: Taiwan’s Foxconn said on Monday it has withdrawn from a $19.5 billion semiconductor joint venture with Indian metals-to-oil conglomerate Vedanta, in a setback to Prime Minister Narendra Modi’s chipmaking […]
Foxconn to use Nvidia chips to build self-driving vehicle platforms – EQ Mag
Nvidia said its technology, which includes chips to process information from sensors in real time, will help Foxconn overcome some of those challenges. Chipmaker Nvidia and electronics manufacturer Foxconn announced a partnership to develop autonomous vehicle platforms. Taiwanese contract manufacturer Foxconn said it will manufacture electronic control units (ECUs) for cars based on Nvidia’s DRIVE […]
Foxconn Leads Investment in EV Platform Sonatus to Intensify Deployment in Automotive Software – EQ Mag
Automotive software provider Sonatus announced they have completed a Series B funding (US$75 million) that was led by Foxconn. Sonatus, including the previous Series A funding, has funded more than US$110 million from venture capital companies, strategic partners, and clients. Foxconn commented that it has begun discussing with Sonatus regarding business collaborations on components and […]
Foxconn to become biggest shareholder in Lordstown Motors with up to $170 million investment – EQ Mag Pro
Lordstown Motors Corp has agreed a deal under which a Foxconn affiliate will invest up to $170 million in the electric vehicle (EV) maker, making the Taiwanese contract manufacturer its biggest shareholder with a near 20% stake. Foxconn Ventures Pte Ltd will purchase 12.9 million shares on or after Nov. 22 and an additional 26 […]
Foxconn electric vehicle alliance plans boxy three-seater
The boxy three-seater that the Foxconn Electric Drive Alliance is planning for 2022 The Foxconn-led electrical vehicle partnership MIH unveiled blueprints for its first car on Tuesday. The boxy single-column three-seater is aimed at Asian one-child households. The world’s largest manufacturer of contract electronics, Foxconn of Taiwan, has recently increased investment in semiconductors and electric […]
Vedanta picks Gujarat for $20-bn semiconductor foray with Foxconn: Report – EQ Mag Pro
Vedanta obtained financial and non-financial subsidies including on capital expenditure and cheap electricity from Gujarat to build the semiconductor plants, says a source Vedanta Ltd has selected Indian Prime Minister Narendra Modi’s home state of Gujarat for its semiconductor project, two sources told Reuters, the first major step in its $20 billion joint venture with […]
Foxconn to build autonomous electric tractors at Ohio facility – EQ Mag Pro
The agreement with Monarch Tractor is the first manufacturing contract Foxconn, best known for assembling Apple’s iPhone, has entered since purchasing the Ohio facility that was formerly a General Motors Assembly plant last year. Taiwan’s Foxconn, the world’s largest contract electronics maker, on Tuesday said it will build driverless electric tractors for California-based Monarch Tractor […]