Yang Liu, Chairman of the Board of Directors of Taiwanese company Foxconn, visited India and met with the authorities of the southern states. According to this digital timesIt is planned to build new Foxconn factories for the production of gadgets by the American company Apple.
According to preliminary data, one of the businesses may focus on manufacturing components for iPhone smartphones, while the other may focus on manufacturing components for electric vehicles. According to unofficial information, Apple has been developing its own autonomous electric car for several years.
Digitimes also released a photo from Liu’s meeting with Indian state leaders. Foxconn is known to have signed a memorandum of understanding with the Telangana government.
The document described an agreement to build a manufacturing enterprise that could provide jobs for around 100,000 local residents over 10 years. The launch date of the facility has not yet been determined.
The second business is planned to be established in the Indian state of Karnataka. Foxconn representatives have stated in the past that India is a promising market and profitable production site for the company.
It was previously reported that the world’s main chip manufacturer is the Taiwanese company Foxconn. active plans to move their factories from China to other countries in the Asian region and to Brazil.