Hon Hai Precision Industry Co (鴻海精密) has spent an additional US$350 million on a subsidiary in India that industry sources believe is soon to begin manufacturing Apple Inc’s iPhone 13.
Hon Hai, known internationally as Foxconn Technology Group (富士康科技集團), said in a statement on Friday that it has invested US$350 million in Foxconn Hon Hai Technology India Mega Development Private Ltd as part of its long-term development in the country.
The investment — part of Hon Hai’s expansion of its plant in Chennai in southeast India — would be used to set up a new production line exclusively for the assembly of the iPhone 13 series, industry sources said.
Photo: Reuters
Media reports said that Apple has started to produce iPhone 13 models on a trial basis from Hon Hai’s factory in Chennai, with commercial production set to begin in February.
Hon Hai had manufactured iPhone XR, 11 and 12 models in Tamil Nadu, southern India, the reports said.
Hon Hai, the world’s largest contract electronics maker, has become Apple’s most important iPhone assembler. Apple accounts for about 40 percent of the Taiwanese company’s total sales.
The company is to restart production at the Chennai factory after its temporary workers, mostly women, staged a protest on Dec. 18 over conditions in their living quarters and food quality, the Tamil Nadu Government said in a statement on Saturday.
The company has agreed to all demands made by the employees, the government added.
Hon Hai promised to improve the temporary employees’ working and living conditions by expanding their living areas, upgrading bathing facilities and providing drinking water, among other improvements, it said.
Separately, Hon Hai’s Hong Kong-listed subsidiary FIH Mobile Ltd (富智康) is planning a spinoff of its unit in India, Bharat FIH Ltd, and has set its sights on listing the Indian company’s shares on the Bombay Stock Exchange and the National Stock Exchange of India.
Hon Hai, which owns a 63.43 percent stake in Bharat FIH, said that the Indian unit submitted documents pertaining to a listing to the two exchanges on Wednesday.
The spinoff of the Indian unit would be completed in 2023, Hon Hai said.
Bharat FIH, which is the largest contract electronics maker in India, operates three production sites in southern India and produces a range of goods, such as cellphones, machinery, electric vehicles, TVs, handheld devices and Internet connectivity gadgets, Hon Hai said.
Additional reporting by Bloomberg
ENDEAVOR MANTA: The ship is programmed to automatically return to its designated home port and would self-destruct if seized by another party The Endeavor Manta, Taiwan’s first military-specification uncrewed surface vehicle (USV) tailor-made to operate in the Taiwan Strait in a bid to bolster the nation’s asymmetric combat capabilities made its first appearance at Kaohsiung’s Singda Harbor yesterday. Taking inspiration from Ukraine’s navy, which is using USVs to force Russia’s Black Sea fleet to take shelter within its own ports, CSBC Taiwan (台灣國際造船) established a research and development unit on USVs last year, CSBC chairman Huang Cheng-hung (黃正弘) said. With the exception of the satellite guidance system and the outboard motors — which were purchased from foreign companies that were not affiliated with Chinese-funded
PERMIT REVOKED: The influencer at a news conference said the National Immigration Agency was infringing on human rights and persecuting Chinese spouses Chinese influencer “Yaya in Taiwan” (亞亞在台灣) yesterday evening voluntarily left Taiwan, despite saying yesterday morning that she had “no intention” of leaving after her residence permit was revoked over her comments on Taiwan being “unified” with China by military force. The Ministry of the Interior yesterday had said that it could forcibly deport the influencer at midnight, but was considering taking a more flexible approach and beginning procedures this morning. The influencer, whose given name is Liu Zhenya (劉振亞), departed on a 8:45pm flight from Taipei International Airport (Songshan airport) to Fuzhou, China. Liu held a news conference at the airport at 7pm,
Taiwan was ranked the fourth-safest country in the world with a score of 82.9, trailing only Andorra, the United Arab Emirates and Qatar in Numbeo’s Safety Index by Country report. Taiwan’s score improved by 0.1 points compared with last year’s mid-year report, which had Taiwan fourth with a score of 82.8. However, both scores were lower than in last year’s first review, when Taiwan scored 83.3, and are a long way from when Taiwan was named the second-safest country in the world in 2021, scoring 84.8. Taiwan ranked higher than Singapore in ninth with a score of 77.4 and Japan in 10th with
GRIDLOCK: The National Fire Agency’s Special Search and Rescue team is on standby to travel to the countries to help out with the rescue effort A powerful earthquake rocked Myanmar and neighboring Thailand yesterday, killing at least three people in Bangkok and burying dozens when a high-rise building under construction collapsed. Footage shared on social media from Myanmar’s second-largest city showed widespread destruction, raising fears that many were trapped under the rubble or killed. The magnitude 7.7 earthquake, with an epicenter near Mandalay in Myanmar, struck at midday and was followed by a strong magnitude 6.4 aftershock. The extent of death, injury and destruction — especially in Myanmar, which is embroiled in a civil war and where information is tightly controlled at the best of times —
RSS