Foxconn is investing $1.54 billion in an iPhone manufacturing plant in India, doubling its investment. Foxconn has increased production in India since leaving a $19.5 billion processor manufacturing joint venture with Vedeanta. Foxconn invested $500 million in two Karnataka, southern India, plants in August 2023. Foxconn parent company Hon Hai …
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Following South Asian revenue growth, Foxconn will invest $1.54 billion in India, the latest expansion plan. Foxconn said in a stock exchange filing that the investment will meet “operational needs.” The investment comes two months after the Taiwanese company announced it would double its Indian workforce and investment by next …
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Nvidia and Foxconn are building “AI factories,” supercomputing data centers to accelerate the development of self-driving cars, autonomous machines, and industrial robots. On Tuesday, Nvidia founder and CEO Jensen Huang and Foxconn chairman and CEO Young Liu announced the partnership at Hon Hai Tech Day in Taiwan. The AI factory …
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