Apple supplier Foxconn has signed a $300 million (roughly Rs. 2,400 crore) memorandum of understanding with Vietnamese developer Kinh Bac City to expand its facility in the north of the country to diversify and boost production, state media said on Saturday. The Taiwanese company’s new factory, on a plot of 50.5 hectares (125 acres) in … Read more
Apple’s suppliers are in talks to produce Apple Watch and MacBook in Vietnam for the first time, Nikkei Asia reported on Tuesday, citing people familiar with the matter. Apple’s Chinese suppliers Luxshare Precision Industry and iPhone assembler Foxconn have started test production of Apple Watch and MacBook in Northern Vietnam, the report added. Apple has … Read more
Taiwan’s Foxconn said on Wednesday it has partnered with chipmaker NXP Semiconductors to develop platforms for electric vehicles, adding to a string of such deals by the iPhone assembler as it moves into the auto market. Foxconn, best known for assembling Apple’s iPhone, has expanded into areas including electric vehicles (EVs) and semiconductors in recent … Read more
Order books for both mature and advanced semiconductor nodes for Taiwanese chip firms are still very full, Economy Minister Wang Mei-hua said on Wednesday, amid concerns about a slowdown in tech-related demand. A significantly weaker-than-expected business outlook by memory-chip firm Micron Technology last Thursday raised concern that, following nearly two years of strong demand, the … Read more
Samsung is likely to turn in its best April-June profit since 2018 with a 15 percent year-on-year rise, as lingering demand for its memory chips from server customers offsets lower sales to inflation-hit smartphone makers. Operating profit for the world’s biggest smartphone and memory-chip maker likely jumped to KRW 14.46 trillion (roughly Rs. 88,000 crore) in … Read more
The Indian government’s electronics and IT ministry has approved a total of 314 applications with proposed investments of Rs. 86,824 crore under a modified special incentive package scheme till May 31, an official note said. The proposals that were approved in May included an investment of Rs. 596 crore from Bosch Automotive Electronics Private Limited, … Read more
Vedanta will finalise a location for its $20 billion (roughly Rs. 1,55,273 crore) semiconductor and display plants in India by mid-June and will have the first chip product ready in two years, its Chairman Anil Agarwal said on Wednesday. Oil-to-metals conglomerate Vedanta said in February it will diversify into chip manufacturing and announced plans to … Read more
Apple has told some of its contract manufacturers that it wants to increase production outside China, the Wall Street Journal reported, citing people familiar with the matter. India and Vietnam, which are already sites of Apple production, are among the countries short-listed by the company as alternatives, the report added. Apple last month forecast bigger … Read more
Apple has told some of its contract manufacturers that it wants to increase production outside China, the Wall Street Journal reported, citing people familiar with the matter. India and Vietnam, which are already sites of Apple production, are among the countries short-listed by the company as alternatives, the report added. Apple last month forecast bigger … Read more
Apple’s prime supplier Foxconn Technology Group halted operations at two of its factories in eastern China’s Kunshan after new COVID-19 cases were reported on site, the South China Morning Post reported on Monday. The operations at those plants have been suspended since Wednesday last week, with all employees confined to dormitories inside, the report said. … Read more