Manufacturing giant Hon Hai Precision Industry Co (鴻海精密) on Thursday said that the company has obtained a commitment from Tamil Nadu to fully support its investments in the southern Indian state.
Hon Hai, the flagship company of Foxconn Technology Group (富士康科技集團), said company chairman Young Liu (劉揚偉) on Thursday received a delegation from Tamil Nadu, led by S. Krishnan, additional chief secretary of the Tamil Nadu Industries Department, at the company’s headquarters in New Taipei City’s Tucheng District (土城).
In a statement, Hon Hai said the Indian delegation expressed its gratitude to the company for its investment in the Indian state, and pledged to continue its support for more investments by the firm.
Photo: AFP
Guidance Tamil Nadu, the investment promotion agency of the government of Tamil Nadu, wrote on Twitter that the delegation “elaborately discussed Foxconn’s plans for new ventures and investments, especially in emerging sectors and proffered Government’s complete support to the company in the State.”
Hon Hai, an assembler of Apple iPhones, said that the company has had a foothold in Tamil Nadu for more than a decade.
Early this month, Apple Inc announced that Hon Hai’s production sites in Tamil Nadu have been named part of the US tech giant’s supplier list for fiscal 2021, along with the iPhone assembler’s other complexes in China’s Guangdong, Henan, Hubei, Jiangsu, Shaanxi, Sichuan and Zhejiang provinces, Brazil’s Amazonas and Sao Paulo, the US states of California and Texas, and Vietnam’s Bac Giang Province.
Indian news media reported late last month that Apple, which accounts for more than 40 percent of Hon Hai’s total sales, confirmed that the assembler would start to roll out the iPhone 14s at its plant in Tamil Nadu. Hon Hai assembled earlier versions of the iPhone in the Indian state, the reports said.
The Tamil Nadu delegation arrived in Taiwan on Tuesday. They held a roundtable forum on investment on Wednesday with the Taiwan Technical Textiles Association and the Taiwan Electrical and Electronic Manufacturers’ Association.
Before leaving Taiwan tomorrow, the delegation is to visit Taiwanese electronics, electrical engineering, textile, footwear and computer numerical control device suppliers to forge closer industrial cooperation
During the Double Ten National Day celebration held by the Republic of China’s Chennai representative office on Oct. 6, Krishnan said Taiwan is one of the top five foreign investors in Tamil Nadu along with the US, Japan, South Korea and Singapore.
The Chennai office said that 25 Taiwanese companies have invested in Tamil Nadu, with their combined investments topping US$2 billion (US$62 million).
The demise of the coal industry left the US’ Appalachian region in tatters, with lost jobs, spoiled water and countless kilometers of abandoned underground mines. Now entrepreneurs are eyeing the rural region with ambitious visions to rebuild its economy by converting old mines into solar power systems and data centers that could help fuel the increasing power demands of the artificial intelligence (AI) boom. One such project is underway by a non-profit team calling itself Energy DELTA (Discovery, Education, Learning and Technology Accelerator) Lab, which is looking to develop energy sources on about 26,305 hectares of old coal land in
Taiwan’s exports soared 56 percent year-on-year to an all-time high of US$64.05 billion last month, propelled by surging global demand for artificial intelligence (AI), high-performance computing and cloud service infrastructure, the Ministry of Finance said yesterday. Department of Statistics Director-General Beatrice Tsai (蔡美娜) called the figure an unexpected upside surprise, citing a wave of technology orders from overseas customers alongside the usual year-end shopping season for technology products. Growth is likely to remain strong this month, she said, projecting a 40 percent to 45 percent expansion on an annual basis. The outperformance could prompt the Directorate-General of Budget, Accounting and
Netflix on Friday faced fierce criticism over its blockbuster deal to acquire Warner Bros Discovery. The streaming giant is already viewed as a pariah in some Hollywood circles, largely due to its reluctance to release content in theaters and its disruption of traditional industry practices. As Netflix emerged as the likely winning bidder for Warner Bros — the studio behind Casablanca, the Harry Potter movies and Friends — Hollywood’s elite launched an aggressive campaign against the acquisition. Titanic director James Cameron called the buyout a “disaster,” while a group of prominent producers are lobbying US Congress to oppose the deal,
Two Chinese chipmakers are attracting strong retail investor demand, buoyed by industry peer Moore Threads Technology Co’s (摩爾線程) stellar debut. The retail portion of MetaX Integrated Circuits (Shanghai) Co’s (上海沐曦) upcoming initial public offering (IPO) was 2,986 times oversubscribed on Friday, according to a filing. Meanwhile, Beijing Onmicro Electronics Co (北京昂瑞微), which makes radio frequency chips, was 2,899 times oversubscribed on Friday, its filing showed. The bids coincided with Moore Threads’ trading debut, which surged 425 percent on Friday after raising 8 billion yuan (US$1.13 billion) on bets that the company could emerge as a viable local competitor to Nvidia
RSS