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The Latest Breaking News from Foxconn

Karnataka-Foxconn sign Letter of Intent for two new projects worth ₹5,000 crore

The Karnataka government and iPhone maker Foxconn have signed the Letter of Intent (LoI) to set up two additional projects with an estimated investment outlay of ₹5,000 crore, said Large and Medium Industries Minister M.B. Patil on Wednesday. It is expected to generate 13,000 jobs.

The Hindu

Foxconn may ‘significantly’ increase investments in Karnataka

M.B. Patil and Priyank Kharge, Karnataka Ministers holding portfolios of Large and Medium Industries and IT/BT had a “fruitful discussion” with iPhone maker Foxconn in Chennai.

The Hindu

In shift from China, Apple supplier Foxconn plans over $1.2 billion investment in India

NEW DELHI: Apple Inc’s main supplier, Foxconn Technology Group, plans to increase its investments to more than $1.2 billion in Karnataka and add two component factories there, expanding a steady diversification from China to mitigate the risks of US economic and technology sanctions.

The Times of India

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iPhone 15 rumors and leaks: release date, features, specs, price, and more

The iPhone 15 is fast approaching, and although the new phone line hasn't been released yet, the rumor mill is filled with gossip and leaks.

Laptop

Foxconn subsidiary inks ₹1,600-cr. deal with T.N. to set up electronic components manufacturing facility in Kancheepuram

Foxconn Industrial Internet, a subsidiary of the Taiwanese firm Foxconn, has inked a new deal with the Tamil Nadu government to establish a manufacturing facility for electronics components, entailing investments to the tune of ₹1,600 crore.

The Hindu

Our made-in-India chip will be ready in 2.5 years: Vedanta chairman on semiconductor plan

Vedanta group chairman Anil Agarwal said that first phase of its semiconductor project will involve $5 billion investment of the overall $20-billion outlay, and the venture will be ready with made-in-India chip in two and a half years.

The Hindu

Foxconn Industrial Internet mulling options to set up a new facility in Tamil Nadu

Foxconn Industrial Internet (Fii) to set up state-of-the-art facility in TN for manufacturing high-end electronics components. Fii CEO met TN CM & Minister for Industries to discuss plans. TN has become top exporter of electronic goods in India, with exports tripling to $5.37 billion. Fii proposed to invest ₹8,800 crore…

The Hindu

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Foxconn arm Fii now proposes a project with ₹8,800 crore investment at Tumakuru in Karnataka

Foxconn proposes ₹8800cr plant in Karnataka; to create 14,000 jobs. Fii, a subsidiary of iPhone maker Foxconn, has proposed to set up a plant in Tumakuru with an investment of ₹8800 crore. It would manufacture screens, outer coverings and mechanical components for phones, creating 14,000 jobs. The CM offered support…

The Hindu

iPhone 15 colours to get exciting refresh, according to manufacturer

But one iPhone colour option could be ditched forever

'This will sell like hot cakes': latest iPhone 15 color rumor is great news for Barbie fans

The latest iPhone 15 color rumor suggests the standard model could be offered in pink.

TechRadar

In America’s ‘Voltage Valley’, hopes of car-making revival turn sour

EV manufacturer Lordstown Motors, lauded by Trump in 2020, has gone bankrupt – what now for the once-proud auto-making region?

The Guardian - US

300 acres will be given to Foxconn soon: M.B. Patil

Legal hurdles related to providing 300 acres to iPhone maker Foxconn have been resolved and the land will be handed over to the company soon, Large and Medium Industries Minister M.B. Patil has said.

The Hindu

Foxconn-Vedanta chip deal off: Friendly fight between Congress’s Jairam Ramesh and BJP’s Amit Malviya

NEW DELHI: Unlike on previous occasions, a friendly fight took place between Congress communication chief Jairam Ramesh and BJP information technology head Amit Malviya over Taiwan-based Foxconn withdrawing from India's semiconductor joint venture with Vedanta on July 10.

The Times of India

Chip maker Foxconn exits a semiconductor joint venture with Indian mining company Vedanta

Taiwan-based electronics giant Foxconn is backing out of a $19.5 billion semiconductor joint venture with Indian mining conglomerate Vedanta Ltd

The Independent UK

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Fortune

Top Apple supplier Foxconn just bailed on its $19.4 billion plan to make chips in India

The decision is a setback for the country's plans to build a domestic chipmaking industry.

Bangkok Post

Foxconn exits $19.4bn chip deal in India

TAIPEI" Taiwanese electronics giant Foxconn withdrew from a $19.4 billion deal with India's Vedanta to make semiconductors in the South Asian nation owing to "challenging gaps", it announced Tuesday.

The Times of India

Foxconn to apply for India chipmaking incentives after pullout from Vedanta JV

NEW DELHI: A day after it withdrew from a $19.5 billion semiconductor joint venture with mining baron Anil Agarwal's Vedanta Ltd, Foxconn said it plans to apply for incentives that India is offering under its semiconductor manufacturing policy.

The Hindu

Morning Digest | MHA had asked Manipur, Mizoram governments to record biometrics of ‘illegal migrants’ by September 30; Biden engages in ‘tea diplomacy’ in U.K. ahead of NATO Summit, and more

The Hindu’s Morning Digest brings readers a select list of stories to start the day

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InsideEVs

Audi Interested In Buying EV Platform From A Chinese Rival: Report

Audi is reportedly trying to find a workaround that will allow it to launch new electric models before the delayed SSP platform debuts sometime in 2029.

Tom’s Guide

Nintendo Switch 2 release date just tipped — here’s when it could arrive

A Foxconn financial news report points to a possible release timeframe for the Nintendo Switch 2 in the first quarter of 2024.

TechRadar

Entire iPhone 15 lineup tipped for serious battery life upgrades

New rumors suggest the entire iPhone 15 line could be set for larger batteries than their respective predecessors.

If the iPhone 15 gets this big battery upgrade it'll be the phone to beat

Major battery boost tipped for Apple's forthcoming refresh

Tom’s Guide

iPhone 15 battery and storage upgrades just tipped — here's what you're getting

Battery upgrades are tipped for all four expected iPhone 15 models, while the iPhone 15 Pros should also get 256GB storage by default instead of just 128GB.

Zenger

Lordstown Motors To Be Delisted From Nasdaq After Firm Filed For Bankruptcy Protection‌

‌Trading of the company’s class A common stock will be suspended starting July 7.‌

Zenger

Lordstown Files For Bankruptcy As Foxconn Deal Sours

Fraud allegations against manufacturing partner lead to Chapter 11 filing; Endurance EV pickup truck and assets put up for sale.

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