Apples supplier Foxconn seeks chip, EV cooperation with India

Major Apple supplier Foxconn said on Saturday it was seeking cooperation in India in new areas like chips and electric vehicles (EVs) after a visit to the country by its chairman, Liu Young-way. Also Read: Apple iPad Pro Launched In India With New M5 Chip, Ultra Retina XDR Display: Price, Specs

Apple has been shifting production away from China after the country’s strict COVID-19 restrictions disrupted the manufacturing of new-model iPhones and other devices, and amid tensions between Beijing and Washington. Also Read: Apple Launches 14-inch MacBook Pro With M5 Chip And Up To 24-Hour Battery Life: Check Price And Availability

Apple Supplier Foxconn wants India to account for 25 percent of its production

In January, India’s trade minister said Apple, which began iPhone assembly in the country in 2017 through Wistron Corp and later Foxconn, wants India to account for up to 25% of its production from about 5% to 7% currently. Also Read: iPhone 13 vs iPhone 14 vs iPhone 15: Best Deal To Grab This Diwali Under Rs 50000

Taiwan’s Foxconn, the world’s largest contract electronics maker and formally called Hon Hai Precision Industry Co Ltd, said Liu had visited India from February 27 to Saturday.

“My trip this week supported Foxconn’s efforts to deepen partnerships, meet old friends and make new ones, and seek cooperation in new areas such as semiconductor development and electric vehicles,” Liu said in a statement.

Foxconn has ambitious plans to make EVs, and is also looking to make chips.

“On the basis to share, collaborate and thrive together, Foxconn will continue to communicate with local governments to seek the most beneficial development opportunities for the company and all stakeholders,” Liu added.

He did not mention any new concrete investment plans in the country, and Foxconn has not announced any since his trip.

Apple’s iPhones will soon be assembled at another site in the southern Indian state of Karnataka, and 300 acres (120 hectares) have been aside to set up a factory, the state government said on Friday.

Currently, iPhones are assembled in India by at least three of Apple’s global suppliers – Foxconn and Pegatron in Tamil Nadu, and Wistron in Karnataka.

–Reuters