iPhone Maker Foxconn Plans $700 Million Plant Near Bengaluru: Report

[Gaali_Gottam_Govinda]

Apple Inc. partner Foxconn Technology Group plans to invest about $700 million on a new plant in India to ramp up local production, people familiar with the matter said, underscoring an accelerating shift of manufacturing away from China.

Apple Inc. partner Foxconn Technology Group plans to invest about $700 million on a new plant in India to ramp up local production, people familiar with the matter said, underscoring an accelerating shift of manufacturing away from China as Washington-Beijing tensions grow.

The Taiwanese company, also known for its flagship unit Hon Hai Precision Industry Co., plans to build the plant to make iPhone parts on a 300-acre site close to the airport in Bengaluru, according to the people who asked not to be named as the information is not public. The factory may also assemble Apple's handsets, some of the people said, and Foxconn may also use the site to produce some parts for its nascent electric vehicle business.

The investment is one of Foxconn's biggest single outlays to date in India and underscores how China's at risk of losing its status as the world's largest producer of consumer electronics. Apple and other US brands are leaning on their Chinese-based suppliers to explore alternative locations such as India and Vietnam. It's a rethink of the global supply chain that's accelerated during the pandemic and the war in Ukraine and could reshape the way global electronics are made.

The new production site in India is expected to create about 100,000 jobs, the people said. The company's sprawling iPhone assembly complex in the Chinese city of Zhengzhou employs some 200,000 at the moment, although that number surges during peak production season.

Output at the Zhengzhou plant plunged ahead of the year-end holidays due to Covid-related disruptions, spurring Apple to re-examine its China-reliant supply chain. Foxconn's decision is the latest move that suggests suppliers may move capacity out of China far faster than expected.

The plans could still change as Foxconn is in the process of finalizing investment and project details, the people said. It's also unclear if the plant represents new capacity, or production that Foxconn is shifting from other sites such as its Chinese facilities.

Apple declined to comment. Hon Hai, whose Chairman Young Liu met Prime Minister Narendra Modi this week, did not immediately respond to an email seeking comment. The Karnataka government also did not immediately respond. Liu, who is on tour in India, has committed to another manufacturing project in Telangana.

Foxconn's decision would be a coup for PM Modi's government, which sees an opportunity to close India's tech gap with China as Western investors and corporations sour on Beijing's crackdowns on the private sector.

India has offered financial incentives to Apple suppliers such as Foxconn, which began making the latest generation of iPhones at a site in Tamil Nadu last year. Smaller rivals Wistron Corp. and Pegatron Corp. have also ramped up in India, while suppliers such as Jabil Inc. have begun making components for AirPods locally.

 

 

T-works inaugurate chesi Hyderabad lo invest chesta ani cheppi..... Bengaluru invest chesindu endi?  

[Spartan]

@hyperbole

[chammakchandra]

2 minutes ago, Gaali_Gottam_Govinda said:

Apple Inc. partner Foxconn Technology Group plans to invest about $700 million on a new plant in India to ramp up local production, people familiar with the matter said, underscoring an accelerating shift of manufacturing away from China.

Apple Inc. partner Foxconn Technology Group plans to invest about $700 million on a new plant in India to ramp up local production, people familiar with the matter said, underscoring an accelerating shift of manufacturing away from China as Washington-Beijing tensions grow.

The Taiwanese company, also known for its flagship unit Hon Hai Precision Industry Co., plans to build the plant to make iPhone parts on a 300-acre site close to the airport in Bengaluru, according to the people who asked not to be named as the information is not public. The factory may also assemble Apple's handsets, some of the people said, and Foxconn may also use the site to produce some parts for its nascent electric vehicle business.

The investment is one of Foxconn's biggest single outlays to date in India and underscores how China's at risk of losing its status as the world's largest producer of consumer electronics. Apple and other US brands are leaning on their Chinese-based suppliers to explore alternative locations such as India and Vietnam. It's a rethink of the global supply chain that's accelerated during the pandemic and the war in Ukraine and could reshape the way global electronics are made.

The new production site in India is expected to create about 100,000 jobs, the people said. The company's sprawling iPhone assembly complex in the Chinese city of Zhengzhou employs some 200,000 at the moment, although that number surges during peak production season.

Output at the Zhengzhou plant plunged ahead of the year-end holidays due to Covid-related disruptions, spurring Apple to re-examine its China-reliant supply chain. Foxconn's decision is the latest move that suggests suppliers may move capacity out of China far faster than expected.

The plans could still change as Foxconn is in the process of finalizing investment and project details, the people said. It's also unclear if the plant represents new capacity, or production that Foxconn is shifting from other sites such as its Chinese facilities.

Apple declined to comment. Hon Hai, whose Chairman Young Liu met Prime Minister Narendra Modi this week, did not immediately respond to an email seeking comment. The Karnataka government also did not immediately respond. Liu, who is on tour in India, has committed to another manufacturing project in Telangana.

Foxconn's decision would be a coup for PM Modi's government, which sees an opportunity to close India's tech gap with China as Western investors and corporations sour on Beijing's crackdowns on the private sector.

India has offered financial incentives to Apple suppliers such as Foxconn, which began making the latest generation of iPhones at a site in Tamil Nadu last year. Smaller rivals Wistron Corp. and Pegatron Corp. have also ramped up in India, while suppliers such as Jabil Inc. have begun making components for AirPods locally.

 

 

T-works inaugurate chesi Hyderabad lo invest chesta ani cheppi..... Bengaluru invest chesindu endi?  

That’s different.. read article from times of India .. it’s says they r investing in TG as well but this 700M is diff. 

[sarfaroshi]

3 minutes ago, Gaali_Gottam_Govinda said:

Apple Inc. partner Foxconn Technology Group plans to invest about $700 million on a new plant in India to ramp up local production, people familiar with the matter said, underscoring an accelerating shift of manufacturing away from China.

Apple Inc. partner Foxconn Technology Group plans to invest about $700 million on a new plant in India to ramp up local production, people familiar with the matter said, underscoring an accelerating shift of manufacturing away from China as Washington-Beijing tensions grow.

The Taiwanese company, also known for its flagship unit Hon Hai Precision Industry Co., plans to build the plant to make iPhone parts on a 300-acre site close to the airport in Bengaluru, according to the people who asked not to be named as the information is not public. The factory may also assemble Apple's handsets, some of the people said, and Foxconn may also use the site to produce some parts for its nascent electric vehicle business.

The investment is one of Foxconn's biggest single outlays to date in India and underscores how China's at risk of losing its status as the world's largest producer of consumer electronics. Apple and other US brands are leaning on their Chinese-based suppliers to explore alternative locations such as India and Vietnam. It's a rethink of the global supply chain that's accelerated during the pandemic and the war in Ukraine and could reshape the way global electronics are made.

The new production site in India is expected to create about 100,000 jobs, the people said. The company's sprawling iPhone assembly complex in the Chinese city of Zhengzhou employs some 200,000 at the moment, although that number surges during peak production season.

Output at the Zhengzhou plant plunged ahead of the year-end holidays due to Covid-related disruptions, spurring Apple to re-examine its China-reliant supply chain. Foxconn's decision is the latest move that suggests suppliers may move capacity out of China far faster than expected.

The plans could still change as Foxconn is in the process of finalizing investment and project details, the people said. It's also unclear if the plant represents new capacity, or production that Foxconn is shifting from other sites such as its Chinese facilities.

Apple declined to comment. Hon Hai, whose Chairman Young Liu met Prime Minister Narendra Modi this week, did not immediately respond to an email seeking comment. The Karnataka government also did not immediately respond. Liu, who is on tour in India, has committed to another manufacturing project in Telangana.

Foxconn's decision would be a coup for PM Modi's government, which sees an opportunity to close India's tech gap with China as Western investors and corporations sour on Beijing's crackdowns on the private sector.

India has offered financial incentives to Apple suppliers such as Foxconn, which began making the latest generation of iPhones at a site in Tamil Nadu last year. Smaller rivals Wistron Corp. and Pegatron Corp. have also ramped up in India, while suppliers such as Jabil Inc. have begun making components for AirPods locally.

 

 

T-works inaugurate chesi Hyderabad lo invest chesta ani cheppi..... Bengaluru invest chesindu endi?  

article source veyyi

[Gaali_Gottam_Govinda]

3 minutes ago, sarfaroshi said:

article source veyyi

 

https://www.cnbc.com/2023/03/03/iphone-supplier-to-build-factory-in-india-a-further-pivot-from-china-report.html

https://www.ndtv.com/india-news/apples-iphones-to-be-built-in-300-acre-karnataka-factory-to-create-1-lakh-jobs-3831351

https://economictimes.indiatimes.com/industry/cons-products/electronics/foxconn-to-invest-under-1-billion-in-bengaluru-formal-announcement-by-government/articleshow/98390328.cms

 

https://www.forbes.com/sites/siladityaray/2023/03/03/iphone-maker-expanding-in-india-with-700-million-factory-in-bid-to-rely-less-on-china-china-report-says/?sh=2f0a05ff39af

[manadonga]

This is almost like shengen apple town lekka 

almost 1 lakh jobs 

[EIlen]

Hammaya, big relief 

ekkada hyd lo scam ventures lo plot konalo, konte munigipothamo, konakapothe opportunity miss avthamo ani dilemma tho restlessness thappindhi ippatiki 

[reality_balu]

Rey langas @hyperbole @Android_Halwa @reality-Uppal baal enta egiraru ra KTR living legend antu

@MiryalgudaMaruthiRao bro ipudu chudu langa gola start avtadi 

[JackSeal]

16 minutes ago, Gaali_Gottam_Govinda said:

Apple Inc. partner Foxconn Technology Group plans to invest about $700 million on a new plant in India to ramp up local production, people familiar with the matter said, underscoring an accelerating shift of manufacturing away from China.

Apple Inc. partner Foxconn Technology Group plans to invest about $700 million on a new plant in India to ramp up local production, people familiar with the matter said, underscoring an accelerating shift of manufacturing away from China as Washington-Beijing tensions grow.

The Taiwanese company, also known for its flagship unit Hon Hai Precision Industry Co., plans to build the plant to make iPhone parts on a 300-acre site close to the airport in Bengaluru, according to the people who asked not to be named as the information is not public. The factory may also assemble Apple's handsets, some of the people said, and Foxconn may also use the site to produce some parts for its nascent electric vehicle business.

The investment is one of Foxconn's biggest single outlays to date in India and underscores how China's at risk of losing its status as the world's largest producer of consumer electronics. Apple and other US brands are leaning on their Chinese-based suppliers to explore alternative locations such as India and Vietnam. It's a rethink of the global supply chain that's accelerated during the pandemic and the war in Ukraine and could reshape the way global electronics are made.

The new production site in India is expected to create about 100,000 jobs, the people said. The company's sprawling iPhone assembly complex in the Chinese city of Zhengzhou employs some 200,000 at the moment, although that number surges during peak production season.

Output at the Zhengzhou plant plunged ahead of the year-end holidays due to Covid-related disruptions, spurring Apple to re-examine its China-reliant supply chain. Foxconn's decision is the latest move that suggests suppliers may move capacity out of China far faster than expected.

The plans could still change as Foxconn is in the process of finalizing investment and project details, the people said. It's also unclear if the plant represents new capacity, or production that Foxconn is shifting from other sites such as its Chinese facilities.

Apple declined to comment. Hon Hai, whose Chairman Young Liu met Prime Minister Narendra Modi this week, did not immediately respond to an email seeking comment. The Karnataka government also did not immediately respond. Liu, who is on tour in India, has committed to another manufacturing project in Telangana.

Foxconn's decision would be a coup for PM Modi's government, which sees an opportunity to close India's tech gap with China as Western investors and corporations sour on Beijing's crackdowns on the private sector.

India has offered financial incentives to Apple suppliers such as Foxconn, which began making the latest generation of iPhones at a site in Tamil Nadu last year. Smaller rivals Wistron Corp. and Pegatron Corp. have also ramped up in India, while suppliers such as Jabil Inc. have begun making components for AirPods locally.

 

 

T-works inaugurate chesi Hyderabad lo invest chesta ani cheppi..... Bengaluru invest chesindu endi?  

Thank you @CBN4Everything

appatlo china velli foxconn ne india thesukochadu Sri city kosam. Now all states enjoying fruits

[Android_Halwa]

9 minutes ago, reality_balu said:

Rey langas @hyperbole @Android_Halwa @reality-Uppal baal enta egiraru ra KTR living legend antu

@MiryalgudaMaruthiRao bro ipudu chudu langa gola start avtadi 

Ori nee yerripappal….iPhone assembly plant TG la ani evadra seppindi ? 
 

Aasmani kabutar ga….edikelli vastav ra? 

[dasari4kntr]

frm WSJ...

https://www.wsj.com/articles/top-apple-supplier-plans-major-india-expansion-f2908b88?mod=hp_lead_pos2

 

Foxconn is set to expand production of iPhones at its existing plant near Chennai, in the southern Indian state of Tamil Nadu, people familiar with the matter said. It aims to boost iPhone production to around 20 million units annually by 2024, and roughly triple the number of workers to as many as 100,000, said the people, including a senior Indian government official.

Foxconn also plans to build a new production facility in the southern Karnataka state, where it would make products including iPhones, people familiar with the matter said. 

In addition, Foxconn is considering building a new production site in the southern city of Hyderabad as well as a silicon carbide fabrication plant and packaging facility in India for its semiconductor business, some of the people said. 

Foxconn’s expansion plans are under consideration and could change.

Foxconn chairman Young Liu visited both Bengaluru, in Karnataka state, and Hyderabad during a visit to India this week, while he also met with Prime Minister Narendra Modi in New Delhi. The Modi government has introduced billions of dollars of incentives in recent years to lure global manufacturers to India, as part of a major push to boost advanced manufacturing jobs and decrease reliance on electronics imports.

 

 

[Tomb__ayya]

8 minutes ago, dasari4kntr said:

frm WSJ...

https://www.wsj.com/articles/top-apple-supplier-plans-major-india-expansion-f2908b88?mod=hp_lead_pos2

 

Foxconn is set to expand production of iPhones at its existing plant near Chennai, in the southern Indian state of Tamil Nadu, people familiar with the matter said. It aims to boost iPhone production to around 20 million units annually by 2024, and roughly triple the number of workers to as many as 100,000, said the people, including a senior Indian government official.

Foxconn also plans to build a new production facility in the southern Karnataka state, where it would make products including iPhones, people familiar with the matter said. 

In addition, Foxconn is considering building a new production site in the southern city of Hyderabad as well as a silicon carbide fabrication plant and packaging facility in India for its semiconductor business, some of the people said. 

Foxconn’s expansion plans are under consideration and could change.

Foxconn chairman Young Liu visited both Bengaluru, in Karnataka state, and Hyderabad during a visit to India this week, while he also met with Prime Minister Narendra Modi in New Delhi. The Modi government has introduced billions of dollars of incentives in recent years to lure global manufacturers to India, as part of a major push to boost advanced manufacturing jobs and decrease reliance on electronics imports.

 

 

idendanna idhi, Engineering nibbi five nibbas ki iPhone number ichinattu

[reality_balu]

22 minutes ago, Android_Halwa said:

Ori nee yerripappal….iPhone assembly plant TG la ani evadra seppindi ? 
 

Aasmani kabutar ga….edikelli vastav ra? 

Nuvvu aa uppal baal @reality galakante peda KVP evara 

[kevinUsa]

2 hours ago, dasari4kntr said:

frm WSJ...

https://www.wsj.com/articles/top-apple-supplier-plans-major-india-expansion-f2908b88?mod=hp_lead_pos2

 

Foxconn is set to expand production of iPhones at its existing plant near Chennai, in the southern Indian state of Tamil Nadu, people familiar with the matter said. It aims to boost iPhone production to around 20 million units annually by 2024, and roughly triple the number of workers to as many as 100,000, said the people, including a senior Indian government official.

Foxconn also plans to build a new production facility in the southern Karnataka state, where it would make products including iPhones, people familiar with the matter said. 

In addition, Foxconn is considering building a new production site in the southern city of Hyderabad as well as a silicon carbide fabrication plant and packaging facility in India for its semiconductor business, some of the people said. 

Foxconn’s expansion plans are under consideration and could change.

Foxconn chairman Young Liu visited both Bengaluru, in Karnataka state, and Hyderabad during a visit to India this week, while he also met with Prime Minister Narendra Modi in New Delhi. The Modi government has introduced billions of dollars of incentives in recent years to lure global manufacturers to India, as part of a major push to boost advanced manufacturing jobs and decrease reliance on electronics imports.

 

 

Silicon carbide  semi conductor ante already fab city near maheshwaram undi kada  akkada 250 acres istaru ante na