Taiwan's Foxconn seeks chip, EV cooperation with India

Major Apple supplier Foxconn said connected Saturday it was seeking practice successful India successful caller areas similar chips and electrical vehicles aft a sojourn to the state by its chairman, Liu Young-way.

Apple has been shifting accumulation distant from China aft the country's strict Covid-19 restrictions disrupted the manufacturing of new-model iPhones and different devices, and amid tensions betwixt Beijing and Washington.

In January, India's commercialized curate said Apple, which began iPhone assembly successful the state successful 2017 done Wistron and aboriginal Foxconn, wants India to relationship for up to 25% of its accumulation from astir 5% to 7% currently.

Taiwan's Foxconn, the world's largest declaration electronics shaper and formally called Hon Hai Precision Industry, said Liu had visited India from Feb. 27 to Saturday.

"My travel this week supported Foxconn's efforts to deepen partnerships, conscionable aged friends and marque caller ones, and question practice successful caller areas specified arsenic semiconductor improvement and electrical vehicles," Liu said successful a statement.

Foxconn has ambitious plans to marque EVs, and is besides looking to marque chips.

"On the ground to share, collaborate and thrive together, Foxconn volition proceed to pass with section governments to question the astir beneficial improvement opportunities for the institution and each stakeholders," Liu added.

He did not notation immoderate caller factual concern plans successful the country, and Foxconn has not announced immoderate since his trip.

Apple's iPhones volition soon beryllium assembled astatine different tract successful the confederate Indian authorities of Karnataka, and 300 acres (120 hectares) person been speech to acceptable up a factory, the authorities authorities said connected Friday.

Currently, iPhones are assembled successful India by astatine slightest 3 of Apple's planetary suppliers — Foxconn and Pegatron successful Tamil Nadu, and Wistron successful Karnataka.