The company said in a filing to Taiwan Stock Exchange late Monday that its Indian subsidiary plans to spend around $128 billion rupees on "engaging others to build on owned land" for "operational needs".
"What Vedanta needed from the very beginning was a technology provider/partner ... Foxconn doesnt have it and so was never an ideal partner for the JV," a semiconductor analyst said.
The new investment by Foxconn is expected to create about 100,000 jobs in India, a report said.
VW Group sources reveal the company is in talks with Foxconn for a new factory.
More than 100 employees of an iPhone 12 factory in India tested positive for coronavirus.
Meanwhile, the longtime Apple product contractor shares also rose as much as 4.5% after news about its first foray into EV production was confirmed.
The deal with Fisker projects that Foxconn will produce 250,000 electric vehicles a year.
Apple, via its partner Foxconn, is currently testing two foldable device models, reports say.
Apple's partner companies are already working on key components for use on the previously rumored foldable iPhone, a report says.
Apple has announced a slew of new devices during its recent event. Alongside a new iPad Air came what the company proudly claims to be the “most powerful entry iPad” ever.
Apple will be releasing its first "made in India" iPhone 12 by mid-2021.
A new report reveals that Apple and manufacturing partner Foxconn have already made significant progress in their efforts to create the tech firm's augmented reality glasses.
A new patent shows that Apple is working on a new keyboard that uses glass keycaps.
Fourth of July is still more than a day away, but some retailers and stores are already offering Fourth of July discounts on some great Apple products, as well as accessories that can be used on Apple devices.
Apple's Craig Federighi finally explains why the iPad doesn't have its own calculator and weather apps.
A new report claims that the 12.9-inch iPad Pro with mini-LED might debut in the later part of this year.
Apple will give a free pair of AirPods for those who buy a Mac or an iPad as part of its back to school promo.
Apple is working on adding new keyboard shortcuts in iPadOS to allow Magic Keyboard users to do things easier on their iPads.
A new rumor claims that Apple will be releasing a new version of the Apple Pencil in a new color – black.
Apple's new Magic Keyboard for the iPad Pro is designed to give users a better overall experience when typing and doing other things on the Apple tablet. Some users, however, report that it does have one major problem, however – battery drain.
Record Foxconn profit fall as virus guts smartphone demand
Reports reveal that Apple will release new devices this year aside from the new iPhones.
A leaked image reveals that the upcoming flagship iPhone “Pro” models might sport a new feature found on the newest iPad Pro – a LiDAR scanner.
After the coronavirus pandemic hit the country, the marijuana sales rose by 50 percent between March 16 and 22.
Apple has released macOS 10.15.4, the latest version of its Mac operating system. What does the new version of Catalina have in store for users?
Coronavirus Update: Apple To Reopen Its Retail Stores In The First Half Of April After COVID-19 Pandemic
Apple will be reopening its retail stores outside of Greater China “on a staggered basis" in the wake of coronavirus pandemic.