FOXCONN
Fires, protests, pollution: How Apple's supply chain woes in India have caused troubles over the years
Three contract workers lost their lives due to asphyxiation at a Tata Electronics factory in Hosur. This incident has prompted investigations by the companies involved and the Tamil Nadu state government. Recent years have witnessed various operational issues at Apple supplier facilities, leading to heightened scrutiny. Apple's supply chain in India continues to face challenges amid efforts to diversify from China.
Foxconn posts highest-ever monthly revenue in October, up 45.73 pc YoY on AI demand
According to the company's unaudited monthly revenue report released on Thursday, October revenue increased 12.66 per cent from NT$1.159 trillion (USD 35.18 billion) in September 2026, marking the highest single-month revenue in Foxconn's history.
Karnataka urges exporters to leverage FTAs to boost trade, target $1 trillion economy
Karnataka's industries minister MB Patil has urged manufacturers and exporters to leverage free trade agreements effectively. The state has signed trade agreements with 38 countries, which could enhance market access for various products. This initiative is part of Karnataka's goal to achieve a $1 trillion economy in the future. Increasing foreign direct investment highlights the state's economic momentum and potential growth.
Asia chip firms see strong AI demand; market jitters continue
Asian chip-supply-chain companies report a strong ongoing demand for AI-related products despite investor concerns. Foxconn Chairman Young Liu stated that AI is not in a bubble, underscoring clear demand for AI products. Tokyo Electron reported a significant forecast increase in operating profit due to robust demand for chipmaking equipment. SK Hynix announced plans to return about $75 billion to shareholders due to rising memory prices.
Foxconn working on a new tie-up with OpenAI, says there is no AI bubble
Foxconn Chairman Young Liu told reporters at the company's annual event to showcase its technology that he had met OpenAI Chief Executive Sam Altman earlier in the day and there would be an announcement once details were confirmed.
Tata Electronics’ Apple exports near Rs 1 lakh crore in FY26 as net loss widens
Tata Electronics achieved nearly ₹1 lakh crore in exports during FY26, reflecting a 29% increase from the previous year. The company reported significant export revenues from the US, Taiwan, and Ireland, highlighting its growing role in Apple's supply chain. Despite this growth, the company faced a consolidated net loss of ₹1,611 crore in FY26, compared to ₹69 crore in FY25.
- Go To Page 1
Tata Electronics wants bigger bite of Apple
The company is seeking to climb the value chain and garner a larger piece of the Apple pie in India, an industry source said. This becomes significant as Tata Electronics is the fourth-largest Tata Group company by revenue and has emerged as a top-tier Apple supplier in the country.
Foxconn buys $727 million stake in Mitsubishi EV parts biz
Mitsubishi will contribute technology in electric powertrains, autonomous driving and in-car intelligence for EV platforms developed by Foxconn, the companies said Monday during a news conference in Tokyo.
Haier India to invest ₹7,000 crore in new facility in Andhra
Haier India plans a ₹7,000 crore investment in a manufacturing facility in Andhra Pradesh, marking its largest investment in the country. The facility, expected to create 21,000 jobs by 2032, will focus on producing various home appliances and is strategically located in the rapidly growing Tirupati-Chennai-Nellore electronics corridor.
Chinese startup DexForce trains humanoid robots using virtual data to slash costs
DexForce, based in the southern tech hub of Shenzhen, is betting that such simulated training can help solve one of the humanoid-robot industry's biggest challenges: teaching machines to perform a wide range of real-world tasks without human assistance.
Behind big billions, the China hedge begins to take shape in India
Hyundai Motor Group plans to invest $15.5 billion in India over the period of 2026 to 2032. This initiative aims to strengthen local manufacturing and expand research and development facilities. Attracting global interest, especially with competitors like Toyota and Suzuki also enhancing their footprint, Hyundai’s success hinges on optimizing logistics and harnessing skilled labor for maximum output.
Global Market: China stocks fall as global yields, geopolitical tensions weigh on sentiment
Chinese stocks declined as government support measures failed to restore investor confidence amid rising global bond yields, Middle East tensions and US technology investigations. Concerns over inflation, trade restrictions and export prospects weighed on sentiment, while technology shares fell sharply, highlighting persistent challenges for Beijing’s market stabilisation efforts.
Taiwan says exports hit record in September on AI demand
The island is a powerhouse in the semiconductor sector, producing more than 90 percent of the world's most advanced chips used to train and power AI systems.
Apple to launch doorbell, lock, thermostat developed with LG
The products will be part of an ecosystem of devices that work with Apple’s new smart home hub, as well as an upgraded HomePod mini and fresh TV set-top box, according to people with knowledge of the matter. The new Apple devices are set to be introduced on Oct. 13.
Global Market: AMD to increase AI chip supply substantially in 2027 to meet rising demand
AMD plans to substantially increase chip supplies in 2027 as demand for AI processors accelerates. CEO Lisa Su is working with key suppliers in Taiwan and South Korea to expand manufacturing and secure advanced wafer and memory capacity.
AMD plans to substantially increase supply in 2027, CEO says
AMD, Nvidia's closest rival in AI graphics processors, has been rapidly expanding its AI chip business, with its market value recently topping $1 trillion amid an AI-driven rally.
Snapdeal parent AceVector lists at 12% discount
AceVector'sRs 420 crore IPOcomprised Rs 287 crore in fresh capital and a Rs 133 crore offer-for-sale (OFS) component in which investors, including SoftBank, Nexus Venture Partners, and Foxconn, sold their shares.
Foxconn third-quarter revenue soars on AI demand, beats market forecast
In a remarkable third quarter, Foxconn has achieved a staggering 47% year-on-year revenue surge, driven largely by robust demand for artificial intelligence products and services. The revenue for September alone hit a historic T$1.16 trillion. Although the outlook for AI ventures remains optimistic, Foxconn is cautious of potential global uncertainties. Investors can expect a complete report on the third-quarter earnings on November 12, offering deeper insights into this growth.
View: India-China thaw faces major economic tests
India and China are working to improve their diplomatic relations following past military tensions over border disputes. Recent measures include relaxed restrictions on foreign direct investment and increased export activity from India to China. However, India's reliance on Chinese imports for critical industries poses significant challenges. The unequal economic relationship remains a concern for India's long-term strategies.
'US deal could spur further liberalisation'
India's economic growth remains strong, with foreign direct investment continuing to show promising figures. Arvind Panagariya emphasizes the need for deeper trade liberalization, increased privatization, and judicial reforms. He highlights the importance of attracting long-term productive investments, especially from private equity. Trade agreements with the UK and European Union are expected to further bolster India's economy.
French supercomputer maker Bull doubles output to boost Europe's AI ambitions
Bull, the French supercomputer manufacturer, has expanded its factory to double production capacity to meet growing orders. The European Union is investing heavily in supercomputing, committing €7 billion to improve capabilities. France's order for a supercomputer is significant, as Bull aims to deliver systems more efficiently.
Apple scores A+ for record $13 billion iPhone exports from India
Total smartphone exports in the April-August period rose about 36% from a year earlier to $15.96 billion, and as much as 98% of the incremental increase came from iPhones alone, show data available with ET.
Snapdeal parent AceVector raises Rs 189 crore from anchor investors ahead of IPO launch
Domestic investors, including Helios Mutual Fund, Singularity Growth and Alchemy Capital participated in the round, picking up shares at Rs 32 apiece. AceVector has set a price band of Rs 30-32 per share for its IPO.
Months before polls, UP makes final pitch for foreign investments
The Uttar Pradesh government is hosting the fourth International Trade Show in Greater Noida from September 25 to 29. More than 600 foreign buyers from 88 countries are expected to attend this year's event. Uttar Pradesh aims to position itself as a leading manufacturing and investment destination through this platform. Last year, the state saw a notable increase in exports, exceeding ₹2 lakh crore.
Dixon eyes a spot among world's top 5 electronics makers, bets beyond phones
Dixon Technologies aspires to become one of the world's top five electronics contract manufacturers in ten years. The company seeks to expand its production of higher-margin components and IT hardware while maintaining its smartphone assembly business. Recently, it gained government approval to partner with Vivo for smartphone manufacturing. Despite growth in revenue, Dixon faces margin pressure in its core mobile business.
Snapdeal parent AceVector to launch IPO on September 25, seeks Rs 1,741-crore valuation
AceVector is raising Rs 287 crore in fresh capital through the IPO, while investors, including SoftBank, Nexus Venture Partners and Foxconn, are selling shares worth Rs 133 crore through the offer-for-sale component.
SoftBank-backed AceVector's Rs 420-cr IPO to open on Sep 25; sets price band at Rs 30-32/share
AceVector Ltd has set its initial public offering price band at Rs 30-32 per share. The company's Rs 420-crore IPO will open for public subscription on September 25. This offering includes a fresh issue and an offer-for-sale by existing shareholders. AceVector operates a digital commerce ecosystem which includes Snapdeal and Unicommerce. The company is scheduled to debut on the stock market on October 5.
Snapdeal parent AceVector files red herring prospectus; cuts IPO size
The company is expected to announce its price band on September 22. AceVector now plans to raise Rs 287 crore in fresh capital against Rs 300 crore earlier. The size of its offer-for-sale component, which will see investors including SoftBank, Nexus Venture Partners, Foxconn and others trim their holdings, is also being reduced by 35%.
Taiwan breaks ground on advanced packaging park anchored by TSMC
TSMC, the world's largest contract chipmaker, will build two buildings at the Baipu Industrial Park, including a technology validation laboratory and a talent training centre, Kaohsiung Deputy Mayor Lo Ta-sheng said at the groundbreaking ceremony. The facilities are expected to begin operations in the fourth quarter of 2029.
Load More
