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.



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