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Taiwanese tech giant foxconn confirmed on Saturday that its president had visited India, but denied reaching any “final agreement” to invest in new telephone factories. iPhone Apple in this country, according to local authorities.
foxconn is the largest electronics manufacturer in the world and the main manufacturer of phones of the Californian brand, which, like the Taiwanese company, is trying to diversify its production beyond China.
curious visits
The Taiwan Group said on Saturday that its chairman, Yang Liu, visited India between February 27 and March 4, but that the company “has not entered into any binding and definitive agreements for the new investment.”
“Negotiations and internal analysis are underway. Investment amounts discussed in the media are not information published foxconn”, he added.
The day before, the leader of the Indian state of Karnataka, Basavaraj S. Bommai, tweeted that “phones Mansanaat a new plant in his state that will create “about 100,000 jobs”.
The prime minister’s office of neighboring Telangana state Chandrashekara Rao also tweeted that Liu had signed an agreement on Thursday to “start up electronic manufacturing facilities.”
India as a manufacturing center
foxconnthe world’s largest manufacturer iPhonehas been with Apple since 2019. Indiaat its factory located in Tamil Nadu.
Two other Taiwanese companies, Wistron and Pegatron, also manufacture and assemble Mansana V India.
Mansana announced last September that it would be producing its new iPhone 14 V India.
Despite all this India currently accounts for less than 5% of the production chain Mansana, according to Bloomberg, is behind the US, China, Japan and five other countries. (AFP)
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I am Ben Stock, a passionate and experienced digital journalist working in the news industry. At the Buna Times, I write articles covering technology developments and related topics. I strive to provide reliable information that my readers can trust. My research skills are top-notch, as well as my ability to craft engaging stories on timely topics with clarity and accuracy.