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Chikkaballapur LS seat includes Foxconn, industrial zones. Candidates promise water solution, hi-tech flower market. BJP seeks JD(S) support. Ramaiah inexperienced; Sudhakar ex-MLA. PM Modi's popularity, caste votes influential. Congress focuses on guarantees, caste votes.

Apple plans to shift a significant portion of its supply chain from China to India, aiming to boost local employment by three-fold to around 500,000 in the next three years. With a focus on increasing domestic value addition and emerging as a potential R&D hub, India is likely to play a crucial role in Apple's future growth strategy.

Apple's ecosystem in India, having created 150,000 direct jobs, is now focusing on residential facilities for factory employees under a public-private partnership. Approximately 78,000 units will be constructed, with Tamil Nadu receiving the highest allocation. The project aims to enhance efficiency, security, and welfare outcomes for workers, especially migrant women employees.

Indian govt seeks detailed info from HCL, Foxconn for chip assembly unit JV. PM Modi launches semiconductor facilities. Reflects Foxconn-Vedanta past issues with partnerships.

India's production-linked incentive (PLI) scheme for smartphones has provided incentives to Apple's contract manufacturers, Samsung, and Dixon Technologies. Some companies have not met production targets. Mobile phone exports have significantly increased. The scheme offers graded cashback incentives and has a revised duration and settlement timeline.

Foxconn, the largest manufacturer of Apple iPhones, has invested $55.29 million in Foxconn Precision Engineering Private Limited in Bengaluru. The investment was made through its Singapore-based subsidiary. Foxconn is expected to create employment for 50,000 people in the first phase at Devanahalli, as announced by the Karnataka government. The manufacturing facility will be set up within the Information Technology Investment Region (ITIR) industrial area at Doddaballapur in Devanahalli Taluk. The plant aims to produce 1 lakh iPhones by December 2025, with investments spread over three phases.

Former vice-president M Venkaiah Naidu, Telugu superstar and politician K Chiranjeevi, social worker and founder of Sulabh International Bindeshwar Pathak, actor Vyjayantimala Bali and Bharat Natyam exponent Padma Subrahmanyam are the five recipients of Padma Vibhushan this year.

Foxconn teams up with HCL Group to start a chip packaging and testing venture in India. Foxconn will invest $37.2 million for a 40% ownership in the joint venture. HCL Group is moving ahead with a partnership with Foxconn for an OSAT facility.

Apple supplier Foxconn and HCL Group will partner to establish a semiconductor assembly and testing facility in India. Foxconn's India unit will own a 40% stake in the joint venture with a $37.2 million investment. The companies aim to build an ecosystem and foster supply chain resilience for the domestic industry. Foxconn is also planning to set up a semiconductor fabrication plant in India for local chip manufacturing, with an additional investment of $1.67 billion. In August, Foxconn announced a $600 million investment in two projects in Karnataka.

Apple supplier Foxconn will invest $1.67 billion in Karnataka to establish a plant, strengthening its footprint in India. The investment will support enhanced capacities for a range of Apple devices, including the iPhone. This move comes as Foxconn aims to diversify production capacity and reduce reliance on China. The company has already invested $600 million in two projects in Karnataka and is expected to create 50,000 jobs.

Foxconn, one of Apple's major manufacturing partners, is set to invest $1.5 billion in India for operational needs. The investment was made through Hon Hai Technology India Mega Development, a subsidiary of Foxconn. Apple's expansion of manufacturing in India is driven by cost advantages, government incentives, and a growing consumer market. India's lower labor costs and various incentives have attracted Apple. The partnership between Foxconn and Apple in India focuses on manufacturing Apple devices and aligns with India's ambitions to become a major hub for electronics manufacturing.

Foxconn resumes iPhone production in India after heavy rainfall and Cyclone Michaung disruptions. Pegatron also halted production due to the cyclone. Chennai airport closed due to adverse weather conditions caused by heavy rainfall. Several factories in and around Chennai suspend operations because of the cyclone. Hyundai also halted operations in the area as Cyclone Michaung wreaked havoc.

An analyst at Mega International Securities, preferring anonymity in adherence to the firm's policies, noted, "The EV market has seen widespread price cuts from major players like Tesla." The analyst added, "Foxtron incurred losses in both 2021 and 2022, and we do not anticipate a turnaround in the next two years."

Terry Gou, the billionaire founder of tech giant Foxconn, on Friday withdrew from the race to be Taiwan’s next president, bringing a sense of relief to the major Apple supplier and iPhone manufacturer, sources said. Gou announced his bid in August, saying he wanted to unite the opposition and ensure the island did not become “the next Ukraine”, blaming the ruling Democratic Progressive Party (DPP) for taking Taiwan to the brink of war by antagonising China, which claims the island as its own territory.

China's natural resources department conducted on-site investigations on the land use of enterprises of Foxconn in Henan, Hubei provinces and other places, according to the exclusive report in the Global Times. It did not elaborate on the investigations or the timing of them. "Foxconn's subsidiaries are obliged to actively cooperate with audits and investigations, and if there are indeed violations of laws and regulations, they should admit mistakes and accept penalties and step up rectification," Zhang, deputy dean of the Taiwan Research Institute of Xiamen University, said.

Microsoft surprises tech world by purchasing a $76 million pumpkin farm in Wisconsin. The farm was previously eyed by Foxconn for a factory project. Microsoft plans to create 600 jobs and expand its data center infrastructure in the area. The company's investment aligns with industry trends and has the support of local authorities. Wisconsin governor Tony Evers is optimistic about the partnership with Microsoft.

Taiwanese authorities are investigating Terry Gou, founder of Foxconn, for allegedly offering toilet paper in exchange for signatures needed for his presidential bid. Gou needs to gather 290,000 signatures by Thursday to qualify as an independent candidate. Prosecutors have questioned 13 people and raided several locations over suspected bribery in Gou's signature campaign. Bribing people to sign or not sign for a potential candidate is punishable by up to seven years in jail and a fine of up to Tw$10 million.

​Terry Gou, the billionaire founder of major Apple supplier Foxconn, has collected three times the amount of signatures needed to qualify to run in Taiwan's presidential elections. Gou thanked his backers for their "enthusiastic support" and vowed to work hard to achieve "peace across the Taiwan Strait".Gou, who stepped down as Foxconn chief in 2019, had to gather around 300,000 voter signatures by November 2 to qualify as an independent candidate. The election commission said he got more than 900,000 valid signatures.

Taiwan's Vice President, Lai Ching-te, has criticized China over its investigation into Apple supplier Foxconn, stating that Beijing should value Taiwanese companies and not pressure them during an election. Foxconn is currently facing a tax probe in China, which some believe is politically motivated due to Taiwan's upcoming elections. Lai emphasized the significant contributions Taiwanese companies have made to China's economic development and called for mutual cooperation rather than interference in elections. Foxconn's shares extended their declines on Tuesday, down more than 2% during mid-morning trade compared to a flat broader market.

Foxconn has won approval to invest at least $1 billion more in a plant it’s building in India that will make Apple Inc. products, a major ramp-up in its goal of building a hub beyond China. The world’s biggest assembler of iPhones plans to spend that amount on top of the $1.6 billion it earlier set aside for the site close to Bengaluru airport, as per report. The new capital will bankroll additional capacity for Apple devices.

Shares in Foxconn, a major supplier of Apple's iPhones, fell by 3% after reports of tax audits and land use probes in China. The state-backed Global Times stated that some of Foxconn's subsidiaries in China were being audited for taxes, and investigations were being conducted on their land use. Foxconn, in response, emphasized its commitment to legal compliance and cooperation with relevant units. The reports come ahead of Taiwan's upcoming elections, where Foxconn's founder Terry Gou is running as an independent candidate.

Foxconn's annual technology event in Taiwan, Hon Hai Tech Day (HHTD) 2023, showcased the growing presence of India as a key partner for the electronics giant. The event saw an increase in the number of Indian employees, executives from Indian companies, and government officials attending. Foxconn's India representative shared images of the event on LinkedIn, highlighting the company's ambitions in India, particularly in the areas of electric vehicles and semiconductors.

Apple plans to produce over 50 million iPhones annually in India within the next 2-3 years, aiming to move manufacturing away from China. This will make India account for a quarter of global iPhone production. Tata Group is planning to build a manufacturing plant with 20 assembly lines and 50,000 workers, becoming operational in 12-18 months. Foxconn and Apple have a significant partnership in India. Security filings suggest a $1.5 billion investment by Foxconn for operational needs in India.

Apple Inc plans to increase iPhone production in India, aiming to make the country a pivotal hub in its supply chain. In collaboration with its main supplier Foxconn, Apple and its suppliers aim to build more than 50 million iPhones in India annually within the next two to three years. This move reflects Apple's efforts to diversify its supply chain and reduce its dependence on China. India offers Apple a strategic advantage in terms of its trust factor and its diplomatic ties with the US and its allies.

Foxconn and Pegatron halt iPhone production at Chennai factories due to Cyclone Michaung and heavy rains. Chennai airport closed; subways and traffic affected by waterlogging. Foxconn's Tamil Nadu factory employs 35,000 people; decision on resuming production pending. Pegatron previously shut factory due to fire in September. Apple has been expanding manufacturing in India to reduce reliance on China.

Foxconn, the major contract manufacturer for Apple, is under investigation in four provinces in China, according to Chinese state media. The investigation involves tax inspections in Guangdong and Jiangsu provinces, as well as on-site investigations into land use in Henan and Hubei regions. Suspicions are that the investigation is due to Foxconn's founder's candidacy for Taiwan's presidential election.

Chinese authorities are causing concerns for foreign companies in the country with a series of arrests and investigations. Foxconn, Apple's main partner and one of the largest employers in China, is being audited for taxes and land use. WPP executives have also been arrested, and a Japanese metals trading company employee and an Astellas Pharma executive have been detained. The opaque approach to regulation in China is unsettling foreign executives, as they are left guessing about the government's ultimate goals.

Foxconn plans to expand its footprint in India with another $1.6 billion investment for construction projects. The announcement, made in an exchange filing in Taiwan late Monday, didn't give any further details, saying only that the investment was for "operational needs." A spokesperson for the company declined to say where the new facilities would be or what they would build. The news comes as Hon Hai and other Taiwanese electronics manufacturers continue to diversify their businesses outside of China as tensions rise between Washington and Beijing.

Taiwan's political landscape witnesses a significant shift as opposition parties register separate presidential candidates, potentially smoothing the path for the ruling Democratic Progressive Party (DPP) to maintain its power. The opposition Kuomintang (KMT) and the Taiwan People's Party (TPP) initially agreed to collaborate against the DPP but failed to finalize a united presidential ticket. The split reflects differing views towards China. Foxconn founder Terry Gou's withdrawal adds another layer to the unfolding political scenario.