Major Apple Inc 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. 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.
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 Feb. 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.
Read more: https://www.business-standard.com/article/companies/foxconn-seeks-cooperation-with-india-in-new-areas-like-evs-chips-123030400155_1.html
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