Times of India — BENGALURU/MUMBAI: Foxconn plans to partner with the Adani Group to set up at least four electronics manufacturing facilities in India, sources told TOI. Top executives of Foxconn, the Taiwanese company best known for making Apple devices, are said to have visited Karnataka, Maharashtra, Andhra Pradesh and Gujarat earlier this month to look at possible locations for the facilities.
China Tech News — Alibaba Group announced that the company and Taiwan-based Foxconn have made strategic investments of JPY14.5 billion, which is about CNY732 million, into SoftBank Robotics Holdings Corporation. Under the agreement signed by the three parties, Alibaba and Foxconn will hold a 20% stake in SBRH, respectively; while SoftBank will own the remaining 60%.
Times Of India — NEW DELHI/CHENNAI: An old Pepsi building in Sri City in Andhra Pradesh will soon start humming with activity again. That’s where Foxconn Technology Group, the world’s largest contract manufacturer, will make phones for Chinese brand Xiaomi. Foxconn had begun work on the site across from the Tamil Nadu border two months after shutting down the third and last of its plants in that state in February. The Sri City unit won’t be too big — it will make about 10,000 phones a day — but Foxconn has ambitious plans for India that could eventually make the country a key manufacturing base for the company, comparable with China.
NEW DELHI: Japan-based telecom and Internet major SoftBank Corp and Taiwan-based Foxconn Technology Group are in talks to form a joint venture for electronics manufacturing in India, as Prime Minister Narendra Modi’s ‘Make-in-India’ push helps the country to become an attractive alternative to China as a manufacturing base. Foxconn, the world’s largest contract electronics manufacturer and maker of the iconic iPhones, will lead the new joint venture while SoftBank will support the former for the same, Masayoshi Son, Chairman & CEO of SoftBank told ET.
Foxconn Electronics will team up with Japan-based Softbank to form a joint venture for manufacturing robot products, according to Japan-based Nikkei Asian Review. Foxconn and Softbank have been cooperating on the production of robots since June 2014, and Foxconn has rolled out a bunch of ‘Pepper’ robots developed by Softbank’s subsidiary, Aldebaran, said the report.
NEW DELHI: Taiwanese electronics maker Foxconn Technology Group is scouting for the best deals in the Indian startup market — with help from two of India’s top entrepreneurs Kunal Bahl and Rohit Bansal — joining a growing list of global corporations looking for a share of the action in one of the world’s most dynamic startup hubs. Over a dozen Indian startups met Wen-Hsin (Vincent) Tong, chairman and director of investments at FIH Mobile Limited, an investment arm of Foxconn, at the New Delhi office of Snapdeal last weekend, according to two people with direct knowledge of the initiative.
Startup activity in France around Internet of Things continues to heat up. Following yesterday’s news that Samsung had taken an investment in Sigfox, today another IoT startup, Actility, announced that it has raised €22.5 million ($25 million), led by Ginko Ventures, the European investment arm of Foxconn. Others in the round include the carriers Orange (which has disclosed a €3 million stake), Swisscom and KPN, as well as Fonds Ecotechnologies managed by Bpifrance Investissement, Idinvest Partners, and Truffle Capital.
MUMBAI: Foxconn Technology is in talks to manufacture Apple’s iPhone in India, government officials said, in a move that could lower prices in the world’s No.3 smartphone market where the US firm trails Samsung Electronics and local players. India could help Foxconn mitigate accelerating wage inflation in China, where it makes the majority of iPhones, and base production sites closer to markets where its key clients want to grow.
Apple will work with Foxconn Technology Group–known as Hon Hai Group in Taiwan–to promote its Asia-Pacific data center located in China’s Guizhou province, Chinese media reported Thursday. Lisa Jackson, Apple’s vice president of environmental initiatives, said the company attaches great importance to big data industry, with emphasis on data security and the values of data mining concepts.
[MUMBAI] Foxconn Technology is in talks to manufacture Apple’s iPhone in India, government officials said, in a move that could lower prices in the world’s No 3 smartphone market where the US firm trails Samsung Electronics and local players. India could help Foxconn mitigate accelerating wage inflation in China, where it makes the majority of iPhones, and base production sites closer to markets where its key clients want to grow.
Foxconn Electronics will continue to expand the Big Data center it built in Guizhou, China in order to accelerate its development of Industry 4.0 and smart products, according to company chairman Terry Gou. Gou made the remarks on the sidelines of Guiyang International Big Data Expo 2015 and Global Big Data Era Guiyang Summit held recently in the China’s northwestern Quizhou province.
It might not matter where your iPhone comes from, but given Foxconn’s past when it comes to manufacturing and staff treatment, it might be interesting to know the primary manufacturer for the iPhone and iPad is planning a move to India. It could be Foxconn’s fallen for the ‘Make in India’ initiative billed by the Indian government to get companies to manufacture goods in the country. The government claims it has an active workforce capable of providing solid performance, alongside excellent business laws and taxes.
Taiwan’s Foxconn Technology Group (Hon Hai), a major contractor for Apple, has plans to invest US$3.5 billion in India in the coming years to produce a wide range of electronic devices, Indian daily the Business Standard reported Monday. “We’re looking at a US$3.5 billion investment in India in the next two to three years. This would span across smartphones, software, TVs and other electronics,” the English-language newspaper quoted Foxconn vice president Josh Fougler as saying.
India’s Economic Times reported Saturday that the Foxconn Technology Group will soon invest in three new production units in India that could be used in part to assemble iPhones for Apple. Foxconn, the trading name of the Taiwan-headquartered Hon Hai Precision Industry, is planning production facilities in the states of Gujarat and Uttar Pradesh and a trial unit geared toward R&D and new product development in Andhra Pradesh, the report said.
The third version of China’s data center server technology standard project led by China-based Baidu, Alibaba and Tencent are set to be announced at the end of 2015 and the project will cover more standards and adopt a modularized design to help reduce China data centers’ server purchasing costs, according to sources from the upstream supply chain. China launched the first version of the project in 2012 and the second in 2014 and the project is rather similar to the Open Compute Project (OCP) that Facebook has been aggressively promoting.
Apple has teamed up with Foxconn to sell second-hand iPhones, Guangzhou-based Southern Metropolis Daily reports. Apple will reclaim the used iPhone smartphones and resell them to consumers after maintenance via Foxconn’s e-commerce subsidiaries, eFeihu and FLNet. Initial cooperation will focus on the iPhone4 and later models, as well as the iPad series. According to Apple, it will buy back used iPhone4S models for 500 yuan (US$81), and resell them for 899 yuan (US$145) with a one-year guarantee.
Hewlett-Packard (HP) has recently unveiled its new Cloudline series cloud computing servers, manufactured and developed by Foxconn Electronics (Hon Hai Precision Industry) and the two firms’ cooperation is expected to fuel competition in the datacenter server industry in the second half of 2015, according to sources from the upstream supply chain. HP currently has three server models under its Cloudline series all using Intel’s Xeon E5 V3 processors and has started accepting orders for them since the end of March.
Foxconn Electronics has introduced robots to automated production lines at its factory in Kunshan, eastern China, reducing labor from 80,000 workers to 40,000 and doubling its production value, according to a Chinese-language Xinhuanet report. The average cost of a worker is about CNY50,000 (US$8,000) a year. A robot costs CNY130,000 but it is equivalent to three workers because it is able to work 24 hours a day, noted the report citing a Foxconn executive as saying.
Foxconn Electronics (Hon Hai Precision Industry) on March 26 announced cooperation with SK C&C, a South Korea-based IT service provider, to establish a joint venture for tapping the China’s IT service market. The joint venture will start operations in May 2015. Foxconn in June 2014 invested NT$10.8 billion (US$342 million) for a 4.9% stake in SK C&C. The joint venture will initially apply IT services to automated production lines at Foxconn’s factories in China, creating a model of integrating IT services with industrial automation for China-based manufacturers.
Foxconn Electronics has signed a strategic agreement with China-based Internet service provider Tencent Holdings and luxury auto dealer China Harmony Auto Holding for tapping the Internet-connected smart electric vehicle market. However, the companies did not reveal much detail of the cooperation project. The coalition efforts will draw on Foxconn’s manufacturing expertise, Tencent’s Internet platform and China Harmony Auto’s dealership networks, according to industry sources.