Foxconn to Mass Produce iPhones in India

Mass Production of iPhone Models to Start in India Foxconn Chairman Terry Gou Says

Terry Gou, group chairman of the Taiwanese manufacturing company said that the company is going to "play a very important role in India's smartphone industry".

"I don't know where you got the information from", Gou, 69, told Reuters at an event in Taipei. I have been busy for 45 years.

Also known by its official name Hon Hai Precision Industry, the firm is the world's biggest contract electronics maker and assembles Apple's iPhones as well as gadgets for other global brands.

Apple has had older smartphones produced at a plant in Bangalore for several years, but now would expand manufacturing to more recent models.

"The present goal I set for myself is to let young people learn sooner in order to take over sooner and replace me sooner", he said.

Foxconn's relocation also marks a tactical change for Apple, which has previously concentrated iPhone manufacturing efforts in China.

Foxconn Chairman Terry Gou says India's Prime Minister Narendra Modi invited the expansion. A source with knowledge of the matter noted that Lu Sung-Ching, the chairman of Foxconn Interconnect Technology, was among the possible candidates to take over from Gou.

Michael Owen states his prediction for FC Porto v Liverpool FC
We played Roma and they can be an uncomfortable opponent but I didn't really see a chance for them when they played Porto (in the last 16).

"It doesn't mean he will just be gone".

Hon Hai rose 3.24 per cent to close at Tw$ 89.3 on the Taiwan bourse Monday.

Foxconn, which celebrated 30 years of doing business in China last year, has far-flung businesses that include autonomous vehicle startups and investments in cancer research.

Founded in 1974, the Foxconn group has grown to become the world's biggest contract manufacturer with TWD 5.2 trillion ($168.52 billion) in annual revenue.

The news comes three months after Reuters reported Foxconn was reconsidering plans to make advanced liquid crystal display panels at a $10 billionWisconsin campus.

When a Gou spokesman told Reuters in January it could not afford to build the screens in the United States, Gou recommitted to a factory after a call from President Donald Trump.

It's not yet clear what impact Foxconn's move will have on Apple's China operations, although it is likely to worsen the economic stagnation the country is facing.

Related:

Comments

Latest news

Aston Martin (finally) unveiled its first all-electric vehicle , the Rapide E
One that signals Aston Martin is prepared for the huge challenge of an environmentally responsible and sustainable future. Since it doesn't need an exhaust the rear diffuser has grown, along with a redesigned underfloor to take advantage of it.

Severe weather is possible Wednesday in Oklahoma City
Beyond the "enhanced risk" zone, a "slight risk" (Level 2 of 5) of severe storms extends from the Mexico-Texas border to Iowa. According to the National Weather Service, scattered to numerous thunderstorms are expected late this afternoon and evening.

Beyonce drops surprise live album
Beyoncé is all about surprises, and her latest arrives today (April 17) in the form of a live album. The Homecoming film is now available on Netflix.

'Dark Phoenix' Trailer: Jean Grey Has the Space Madness
Now that 20th Century Fox has been bought by Disney, the Marvel Comics mutants known as the X-Men are back home at Marvel Studios. As she struggles to manage these new abilities, she begins to lose control-putting the world and her X-Men family in danger.

US company, London firm backing Naresh Goyal’s bid to reboard Jet Airways
Airlines in India must maintain a fleet of at least 20 planes to continue to operate worldwide flights, according to the BBC . Not only the airline has been failed to pay full salaries to its employees for months but also defaulted on several payments.

European Union states approve controversial copyright reform
Nineteen countries, including the United Kingdom , voted in favour, while six countries voted against and three abstained. Article 11, which says aggregators must license content that is more than a "short extract", was also approved .

Trump attorneys and allies prepare for Mueller report release
I was positive, I told them, that Trump would never be the Republican nominee, let alone be elected president. Mueller officially concluded his investigation late last month and submitted the confidential report to Mr.

What the Montreal Canadiens can learn from the Tampa Bay Lightning
I think this is a really good foundation, (and) you can do some really insane things if you stay together as a unit". Not only did Columbus win a playoff series for the first time in five tries, it did so in dominating fashion.

Student falls 100 feet to her death while posing for a photo
A 20-year-old college student fell off a cliff while posing for a photo in Arkansas , plunging 100 feet to her death. Norton attended Briar Cliff under scholarship for symphony choir and women's volleyball, her obituary says.

Man Threw Child Over Balcony After A Woman Rejected Him
Stephen Tillitt, an attorney representing the victim's family, told reporters the child remains in critical condition. He did not follow through but returned to the mall Friday still intending to kill an adult.

Climate change protesters block train at Canary Wharf station
Five arrests were for criminal damage after the Royal Dutch Shell building near the River Thames was targeted on Monday. The majority arrested were seized for breaching public order laws and obstructing a highway.

Israel Folau may have to wait for crunch hearing
Hopoate wrote on Facebook in a since deleted post that he does not know why everyone is "so anxious about what Israel Folau said". If he accepted RA's ruling, his contract would be torn up and his professional rugby union career in Australia would be over.

Allegri to stay with Juventus despite Champions League flop
The celebrations follow four-time European champions Ajax reaching the semi finals of the Champions League for the first time since 1997.

Bills 2019 schedule release officially set for Wednesday, April 17
Eagles: A rematch of the 2017 NFC Championship game is rumored to take place in Minneapolis on Thanksgiving. One of the NFL's most memorable games featured the Dolphins and Cowboys playing in the "Snow Bowl" in 1993.

Sophie Turner opens up about depression, social media scrutiny
To think, Priyanka Chopra nearly let her reservations stop from marrying the man she has always considered her best friend. Sophie Turner says criticism over her role on "Game of Thrones" was one of the reasons that led to her depression.

Other news