Foxconn announces $400 million more investments for Telangana

[hyperbole]

Foxconn announces $400 million more investments for Telangana

Foxconn earlier committed investment of $500 million for the Telangana factory

Hyderabad, August 11

 

Third-party phone and peripherals contract manufacturer Foxconn has announced a fresh investment of $400 million into Telangana. The company is likely to manufacture AirPods along with other digital peripherals at its Kongarkalan facility near here.

“Moving so fast, Telangana. Another $400 million is coming,” V Lee, Foxconn’s representative in India has announced on his LinkedIn wall, sharing FIT Hon Teng Limited’s ‘voluntary announcement’ that the company made to the Hong Kong bourse.

“Yes. It is true,” Telangana IT and Industries Minister KT Rama Rao told businessline, when asked for his comment on the development.

The company, which kicked off the construction work at Kongarakalan near here in May this year, pledged an investment of $500 million for the project. The project, which would commence production in the next three quarters, is expected to provide 25,000 jobs. A top official of the State government said that they hoped that the company would invest more in the State.

FIT Hon Teng Limited’s Board Chairman Lu Sung-Ching said the board approved company’s proposal to make a capital injection of $500 million to Foxconn Interconnect Technology Singapore Pte Ltd, which is a wholly-owned subsidiary of the company.

The board also approved a proposal by FIT Singapore’s proposal to make a capital infusion of $400 million to Chang Yi Interconnect Technology (India) Private Ltd.

Foxconn, which is on an investment spree in the States of Telangana and Karnataka, has recently announced that it would consider investments in Tamil Nadu.

Early this year, Foxconn Technology Group Chairman Young Liu met with the Chief Ministers of Telangana and Karnataka to discuss the company’s proposed investments in the two States.

Published on August 11, 2023 

 

Copyright© 2023, THG PUBLISHING PVT LTD. or its affiliated companies. All rights reserved.

[Jatka Bandi]

Monna ee madhya Foxconn pulls out of India ani news vachindi kada? What is this then?

[hyperbole]

Just now, Jatka Bandi said:

Monna ee madhya Foxconn pulls out of India ani news vachindi kada? What is this then?

That is a JV for semi conductor fabrication in Gujarat 

[Jatka Bandi]

5 minutes ago, hyperbole said:

That is a JV for semi conductor fabrication in Gujarat 

So Gujarat is India for these reporting agencies? 

btw, are you talking about fabrication or manufacturing? There is a lot of difference between the two. As far as i know, India is not close to fabrication yet.

[Tryad]

2 minutes ago, Jatka Bandi said:

So Gujarat is India for these reporting agencies? 

btw, are you talking about fabrication or manufacturing? There is a lot of difference between the two. As far as i know, India is not close to fabrication yet.

foxconn is not in the business of fabrication. a bunch of scamsters (foxconn included) tried to get their hand at the poorly thought out chip manuf subsidy tht GoI offered, and respective CMs tried to play development politics with it.

no country is close to fabrication.. its all controlled by multinational corporations that dance to the tunes of the USA. reinventing fabrication now is a waste of time. as for lower tech node fabrication, enthusiasts in the US are doing it in their garages, something that even the IIT can't do in India.

 

[Android_Halwa]

Finally, Telangana is realizing its potential. Electronic assembly and electronic component manufacturing was identified as a suitable industry as early as 1980's. 

Heavy industries and metal manufacturing may not be perfectly suitable in Telangana but electronic assembly ki perfect set avutadi...Hyd can offer everything like power, water, resources, land, safety, stability, export infra, airports, connectivity etc. 

20 years down the road, I see Hyd as the destination for electronic component assembly and defense manufacturing hub.

[hyperbole]

11 minutes ago, Jatka Bandi said:

So Gujarat is India for these reporting agencies? 

btw, are you talking about fabrication or manufacturing? There is a lot of difference between the two. As far as i know, India is not close to fabrication yet.

Sorry manufacturing, it was a big project something like $20billon and hence in the news

[Tryad]

4 minutes ago, Android_Halwa said:

Finally, Telangana is realizing its potential. Electronic assembly and electronic component manufacturing was identified as a suitable industry as early as 1980's. 

Heavy industries and metal manufacturing may not be perfectly suitable in Telangana but electronic assembly ki perfect set avutadi...Hyd can offer everything like power, water, resources, land, safety, stability, export infra, airports, connectivity etc. 

20 years down the road, I see Hyd as the destination for electronic component assembly and defense manufacturing hub.

vietnam does more assembly than whole of India put together. I don't see it changing any time. lite teesko.

none of Indian states will reach their potential. except in real estate speculation driven by expensive infra projects.

[Jatka Bandi]

7 minutes ago, Tryad said:

foxconn is not in the business of fabrication. a bunch of scamsters (foxconn included) tried to get their hand at the poorly thought out chip manuf subsidy tht GoI offered, and respective CMs tried to play development politics with it.

no country is close to fabrication.. its all controlled by multinational corporations that dance to the tunes of the USA. reinventing fabrication now is a waste of time. as for lower tech node fabrication, enthusiasts in the US are doing it in their garages, something that even the IIT can't do in India.

 

I realize. I know this business very well. Kontha mandi (ikkada and online) medhavulu anni telisinolla laaga, ishtam vachindi matladutunte em cheyyali.. just questions adigi vadilestaam. hoping they will realize when they get questions. The advanced manufacturing that claimed to have come to India is Micron. But things are always not like they state them to be. Outside heck load of corruption, they don't implement what they claim. Money teesukuni dobbestaaru corporations.. which go in as compensation to CEO and their staff. 

No country is close to fabrication enti?! Taiwan and South Korea are. Even US is because of Intel and Micron. These countries were enabled by Europe (leading equipment manufacturers). In fact, US China ni debba kottindi kooda ilane. They colluded with these companies and made them not sell to China. And China's dreams crashed. China emi peekaleka US company meeda ban pettindi. Adi namesake ee. Just like China did with Huaweii, Micron is going to establish a subsidiary to get around Chinese ban. (atleast what I think is happening but not sure)

Mari garage lo chestaru ani comedy ga matladaku. lol.

[Tryad]

7 minutes ago, hyperbole said:

Sorry manufacturing, it was a big project something like $20billon and hence in the news

unless US wants to bless India with a chip plant, India is not getting any, how much ever they invest.

they even forced taiwan to build one in Arizona. max India can get 10yr old tech nodes upto 28nm. but a guy on youtube is working on those nodes in his garage. sam zeloof can currently make you chips upto 300nm from his garage.

India was offering billions of dollars as subsidy for older nodes. because there's no hope in hell for companies with newer node technologies to ever JV with India without US approval.

[Jatka Bandi]

13 minutes ago, Android_Halwa said:

Finally, Telangana is realizing its potential. Electronic assembly and electronic component manufacturing was identified as a suitable industry as early as 1980's. 

Heavy industries and metal manufacturing may not be perfectly suitable in Telangana but electronic assembly ki perfect set avutadi...Hyd can offer everything like power, water, resources, land, safety, stability, export infra, airports, connectivity etc. 

20 years down the road, I see Hyd as the destination for electronic component assembly and defense manufacturing hub.

[Tryad]

1 minute ago, Jatka Bandi said:

Mari garage lo chestaru ani comedy ga matladaku. lol.

older nodes chestunnadu okadu.. youtube lo nay pettadu. sam zeloof choosko.

 

[Jatka Bandi]

Just now, Tryad said:

unless US wants to bless India with a chip plant, India is not getting any, how much ever they invest.

they even forced taiwan to build one in Arizona. max India can get 10yr old tech nodes upto 28nm. but a guy on youtube is working on those nodes in his garage. sam zeloof can currently make you chips upto 300nm from his garage.

India was offering billions of dollars as subsidy for older nodes. because there's no hope in hell for companies with newer node technologies to ever JV with India without US approval.

300nm ni fabrication anadam kooda aapeyaali adyakshaa

I am no expert in foreign relations but US is a bully. India can have the guts to standup but they are not. US chetullo antha ledu. Europe chetullo vundi. Russia also has decent brain power. Mana vaallu ento goda meeda pillila anipistaru. 

[Tryad]

3 minutes ago, Jatka Bandi said:

Taiwan and South Korea are.

No. not without US companies - not just Intel, Micron.. it is advanced chip layout software companies are the ones ruling the industry. Chip fabrication itself is a very low margin business, most of the money that TSMC makes is through customized layout services that they sell - rented from US companies like Synopsys.

Its not that no other country can manufacture their own chip. They can, but its not worth the effort when the ecosystem of a dozen companies providing ancillary services to this manufacturing already works efficiently. Unfortunately China is locked out of it. I don't see them also developing their own.

[Tryad]

6 minutes ago, Jatka Bandi said:

300nm ni fabrication anadam kooda aapeyaali adyakshaa

I am no expert in foreign relations but US is a bully. India can have the guts to standup but they are not. US chetullo antha ledu. Europe chetullo vundi. Russia also has decent brain power. Mana vaallu ento goda meeda pillila anipistaru. 

adhi kooda India lo cheyyatledhu anna. The kid was 17 when he did it. He's workin on 28nm now.

India was offering billions of dollars subsidy for 28nm for something a kid was doing with a $100m investment from openAI. adhi Indian telivi thetalu.

US is a bully sure. India is a worthless country full of delusional mfs. ila Foxconn assembling investment ki simpukovatam antha varakey Indians vision.