Hon Hai Precision Industry Co (鴻海), the world’s largest contract electronics maker, is planning to expand its production facilities in India in the next six months in a bid to turn its production base into a global hub, Indian media reported yesterday.
The Hindustan Times said Hon Hai is looking to extend its presence in India to new states.
Hon Hai operates facilities in Sri City in Andhra Pradesh, Sriperumbudur in Tamil Nadu and Navi Mumbai in Maharashtra. It is also in the process of setting up a new plant in Maharashtra.
Indian media reported that Hon Hai has teamed up with Chinese smartphone brands such as OnePlus, Gionee, Xiaomi and OPPO, as well as Japan’s Sony Corp and Asustek Computer Inc (華碩), to produce devices at its Indian production bases.
“We are looking at expanding our presence to a few more states in the next few months, probably in a couple of quarters,” Foxconn Technology Group (富士康) India country head and managing director Josh Foulger said on the sidelines of the China-India Mobile Phone and Component Manufacturing Summit.
Hon Hai is known as Foxconn outside of Taiwan.
“The chairman [Terry Gou, 郭台銘] has made a commitment to [Indian] Prime Minister Narendra Modi to strengthen ‘Make in India.’ Within six months of that commitment, our facilities are in place and we are employing about 6,000 people. Investment is no constraint,” Foulger said.
The Times of India said that Hon Hai’s expansion plans are in line with the Indian government’s “Make in India” and “Digital India” ambitions.
The Times quoted Foulger as saying that Hon Hai’s investments would focus on the production of a wide range of electronic gadgets, such as notebook computers, tablet computers, digital set-top boxes and other devices related to the Internet of Things.
Foulger said that Hon Hai is gearing up to set up an electronic component supply chain in India and that his group is looking at the possibility of establishing a common manufacturing architecture for other products.
The Hon Hai executive said that the company is expected to create 25,000 to 30,000 jobs in India over the next 12 months after its new investments.
Last year, Hon Hai laid out a plan to set up 10 to 12 plants in India by 2020. In addition to contract electronics, the Taiwanese company is looking to set up e-commerce ventures and to develop sources of renewable energy in India.
END TO SPECULATION: The hotel’s management contract has been extended, despite reports that it wanted to end its alliance with Hyatt Hotels over a deal with Riant Capital Singapore-based Hong Leong Hotel Development Ltd (豐隆大飯店股份) yesterday said it has extended a management contract to ensure the continued presence of the Grand Hyatt brand in Taipei, ending rumors that the two sides were parting ways. “We are pleased Hyatt is able to come to terms on the extension of the management contract of Grand Hyatt Taipei,” said Kwek Leng Beng (郭令明), executive chairman of City Developments Ltd (城市發展) and Millennium & Copthorne Hotels Ltd (千禧國敦酒店). Hong Leong Hotel Development is a subsidiary of Millennium, and both fall under the Hong Leong Group (豐隆集團). The Grand Hyatt Taipei (台北君悅大飯店), owned and built by
’WHITE BOX’: The open platform would give local firms access to Cisco’s cloud-based mobile network to develop 5G telecom equipment and tap into the global market The Ministry of Economic Affairs (MOEA) yesterday introduced a new 5G “open lab” in collaboration with US-based information technology and networking giant Cisco Systems Inc to address the rapidly growing “white box” 5G networking equipment market. The open lab will be a platform where Taiwanese manufacturers can access Cisco’s cloud-based mobile network to develop their own 5G telecom equipment, such as small-cell base stations, network switches, modems and Internet of things (IoT) devices, a ministry statement said. The open platform would allow Taiwanese manufacturers to tap into the lucrative 5G telecom equipment market, which was previously monopolized by Nokia Oyj, Ericsson AB
Nintendo Co is raising its target for Switch production to about 25 million units this fiscal year, people familiar with the matter said, as the ongoing COVID-19 pandemic keeps lifting demand and component shortages ease. The Kyoto, Japan-based company, which in April hiked orders to 22 million units by March next year, is asking partners to tack on another few million units, said the people, who did not want to be identified discussing internal goals. Assembly partners plan to work at maximum capacity through December. The new production target suggests that Nintendo is likely to outperform its Switch sales forecast of 19 million
‘BIG LOSS’: This year might see the last generation of Huawei’s Kirin chips, as their production would stop next month because they are made using US technology Chinese tech giant Huawei Technologies Co (華為) is running out of processor chips to make smartphones due to US sanctions and would be forced to stop production of its own most advanced chips, a company executive has said, in a sign of growing damage to Huawei’s business from US pressure. Huawei, one of the biggest producers of smartphones and network equipment, is at the center of US-Chinese tension over technology and security. Washington last year cut off Huawei’s access to US components and technology, and those penalties were tightened in May, when the White House barred vendors worldwide from using US