Foxconn to ramp up local component mfg in India

The Taiwanese contract manufacturer has committed $11.5 bn to India over the past decade

- Shouvik Das [e-mail]

Foxconn is also looking to make more components for other companies, including Google's Pixel smartphones.

(BLOOMBERG)

Foxconnis looking to manufacture more electronic components in Tamil Nadu to improve its profitability after the Taiwanese contract manufacturer reaffirmed that it will continue with its planned investment of $1.5 billion, according to three people directly aware of the plans.

Foxconn, which assembles iPhones for Apple, is looking to assemble and make more components for other firms, including Google's Pixel smartphones, said the people quoted earlier, speaking on condition of anonymity. “While the early investments in the current tranche will go into expanding its assembly lines, Foxconn in India is looking to expand its presence in the country’s electronics sector beyond catering to the assembly of Apple’s iPhones,” said one of the three people quoted earlier.