BEAMSTART Logo

iPhone Maker Foxconn Boosts India Unit With $500 Mn Infusion

Inc42 LogoInc421 mo ago

iPhone Maker Foxconn Boosts India Unit With $500 Mn Infusion - Inc42

Quick Summary:

Taiwan-based electronics manufacturer Foxconn has invested $500 Mn in its Indian subsidiary, Foxconn Hon Hai Technology India Mega Development.

With this, the manufacturer aims to increase its capacity for basic models and to meet the growing Indian demand.

In what has become emblematic of the shift to India, brokerage firm JP Morgan projects that one out of every four iPhones would be manufactured in India by 2025.


More Pictures

iPhone Maker Foxconn Boosts India Unit With $500 Mn Infusion - Inc42 (Picture 1)

or

Article Details

Author / Journalist: Chetan Thathoo

Category: Startups

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-12-09 @ 00:23:06 (1 months ago)

News Timezone: GMT +5:00

Ranking: #713 (out of 8309 stories this day)

News Source URL: inc42.com

Language: English

Article Length: 446 words

Reading Time: 3 minutes read

Sentences: 22 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Inc42

News ID: 2253015

View Article Analysis

About Inc42

Inc42 Logo

Main Topics: StartupsBusiness

Official Website: inc42.com

Update Frequency: 7 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 10 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #52

Publisher Details

Frequently Asked Questions

How long will it take to read this news story?

The story "iPhone Maker Foxconn Boosts India Unit With $500 Mn Infusion" has 446 words across 22 sentences, which will take approximately 2 - 4 minutes for the average person to read.

Which news outlet covered this story?

The story "iPhone Maker Foxconn Boosts India Unit With $500 Mn Infusion" was covered 1 months ago by Inc42, a news publisher based in India.

How trustworthy is 'Inc42' news outlet?

Inc42 is a fully independent (privately-owned) news outlet established in 1975 that covers mostly startups and business news.

The outlet is headquartered in India and publishes an average of 7 news stories per day.

It's most recent story was published 10 hours ago.

What do people currently think of this news story?

The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.

How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.
  • News ID: #2253015
  • URL: https://beamstart.com/news/iphone-maker-foxconn-boosts-india-16705477281934

BEAMSTART brings you the latest news, database, and jobs from all around the world on startups, technology, and business. Stay updated with industry news, plug-in to exciting community events, and discover incredible career opportunities with the world's most innovative companies.

© Copyright 2023 BEAMSTART. All Rights Reserved.