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Foxconn says no ‘final’ deal for new iPhone plant in India

Foxconn is Apple’s main iPhone manufacturer. | Fountain: Photo by Neil Soni on Unsplash

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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)

We recommend you METADATA, an RPP technology podcast. News, analytics, reviews, recommendations and everything you need to know about the tech world.

Source: RPP

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