[ad_1] Meity Secy was speaking at AI Forward – A joint initiative by CNBC-TV18 & EY. Company Value Change %Change He explained that the industry had expressed concern that import of capital goods, critical for electronics manufacturing, were being constrained. Industry players like Foxconn had raised concerns that capital equipment, which were being imported from […]
Foxconn invests ₹267 crore to kickstart iPhone 16 pro manufacturing in India – CNBC TV18
[ad_1] Taiwanese electronics giant Foxconn has procured equipment worth $31.8 million (about ₹267 crore) for its India factory as it gears up to start manufacturing of iPhone 16 Pro Series at its Tamil Nadu unit, according to a regulatory filing and industry sources. This is the first time Apple’s high-end iPhone Pro series will be […]
Foxconn beats estimates with record third-quarter revenue on AI demand – CNBC TV18
[ad_1] Taiwan’s Foxconn, the world’s largest contract electronics maker, beat expectations to post its highest-ever revenue for the third quarter on strong demand for artificial intelligence (AI) servers. Revenue for Apple’s biggest iPhone assembler jumped 20.2% year on year to T$1.85 trillion ($57.3 billion). ”The result exceeded the company’s original expectations of significant growth,” Foxconn […]
Foxconn plans to set up battery energy storage system unit in India – CNBC TV18
[ad_1] Taiwanese electronics manufacturing giant Foxconn is working on plans to set up a battery energy storage system unit in India, its chairman Young Liu said. With an eye on the electric vehicle segment, Foxconn has been expanding its battery manufacturing business, with the first plant already set up in Taiwan. Liu told PTI that […]