Foxconn, an Apple supplier, aims to triple the staff at its iPhone manufacturing in India over the next two years, according to two government sources familiar with the situation, indicating a production shift as it faces disruptions in China.
Foxconn has made headlines in recent weeks due to rigorous virus restrictions at its Zhengzhou facility, the world’s largest iPhone manufacturing, disrupting production and fueling concerns about China’s viral policy’s influence on global supply chains. Because of the delays, Apple cut its expectation for shipments of the premium iPhone 14 models this week, lowering its sales outlook for the critical year-end holiday season.
According to the sources, Foxconn wants to increase the workforce at its plant in southern India. It plans to increase to 70,000 over the next two years by hiring 53,000 more people. While the plant in Tamil Nadu, India’s southernmost state, is dwarfed in size by Foxconn’s Zhengzhou plant, which employs 200,000 people, it is critical to Apple’s aspirations to transfer production away from China.
Foxconn, formally known as Hon Hai Precision Industry Co Ltd, launched a unit in India in 2019. It has been ramping up output since then. This year, the iPhone 14 was introduced. The fact that Foxconn is interested in expanding the facility is well known, but the scope of the anticipated expansion and timetables have not previously been disclosed. Apple and Foxconn both declined to comment.
About Foxconn
Often known as Hon Hai Technology Group in China and Taiwan, also known as Foxconn globally. It is a Taiwanese multinational electronics contract manufacturer founded in 1974 in Tucheng, New Taipei City, Taiwan.
The Group’s annual revenue in 2021 was NT$5.99 trillion, placing it 22nd in the Fortune Global 500. It is the world’s leading manufacturer and service supplier of technology. Despite its Taiwanese headquarters, the firm is the People’s Republic of China’s largest private employer and one of the world’s largest. Terry Gou founded the corporation and served as its former chairman.
Foxconn makes electrical goods for Fortune 500 firms in the United States, Canada, China, Finland, and Japan. Some notable products manufactured by Foxconn are:-
- The BlackBerry, iPad, iPhone, iPod, Kindle, and all Nintendo gaming systems since the GameCube (except subsequent Nintendo DS models)
- Nokia devices, Sony devices (including the PlayStation 3 and PlayStation 4 gaming consoles), Google Pixel devices, Xiaomi devices
- Every successor to Microsoft’s first Xbox console, and several CPU sockets, including the TR4 CPU socket on some motherboards
Foxconn plants were responsible for an estimated 40% of all consumer electronics sold worldwide in 2012.
Also Read : India to export green hydrogen to reach zero emissions target
170 total views, 1 views today