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• Foxconn considers rotating CEOs in management reshuffle

  Young Liu has held both roles since 2019 in the 50-year-old Taiwanese company that is the world's largest contract electronics manufacturer and a major iPhone assembler.

  

• Apple's India iPhone output hits $14 bln: Report

  Apple is increasingly looking to diversify its supply chain beyond China amid geopolitical tensions between Beijing and Washington, even as China remains the largest iPhone-making hub in the world.

  

• Apple supplier Foxconn sees growth in Q2 after dip in Q1 revenue

  Foxconn said in a statement that this year's second quarter "remains a traditional off-peak season, and major products are entering a period of transition between old and new products".

  

• Foxconn’s Bharat FIH looks beyond Xiaomi to offset slump

  Confirming the diversification strategy, Bharat FIH said it was leveraging on its success in smartphones to make strides in newer segments such as EVs. The company declined to disclose the Sriperumbudur plant's operating capacity, which it said was a factor of customer demand, planning and prevalent market conditions. However, the company was quick to add that it has "exceptional capability" to expand capacity as per customer needs.

  

• Govt spots missing bits in HCL, Foxconn chip JV, seeks details

  This January, HCL and Foxconn announced forming a JV to set up an OSAT unit in the country. At the time, people in the know told ET that the total investment in the unit could be between $100 million and $150 million.

  

• Apple supplier Foxconn sees strong 2024 as Q4 beats forecasts

  The Taiwanese company said October-December net profit jumped 33% to T$53.14 billion ($1.69 billion) from T$40 billion in the same period the previous year thanks to robust demand for AI servers and strong sales during the peak year-end holiday season.

  

• Apple supplier Rayprus eyeing Bengaluru facility

  Experts said that the addition of leading component players in addition to the big ticket suppliers just means that a lot more pieces of Apple's India story are falling in place. They said that component players setting up manufacturing facilities and becoming part of the India supply chain nicely builds the foundation blocks for Apple's diversification story.

  

• Foxconn, Samsung, 3 others to get over Rs 4,400 cr under PLI

  Among global firms, Rising Star (Bharat FIH) - a smartphone contract manufacturer for China's Xiaomi - has failed to meet the target since the PLI scheme was rolled out in FY21 and is likely to maintain a similar trend in FY23 as well.

  

• India chip strategy makes progress with $21 billion in proposals

  Semiconductors have grown into a key geopolitical battleground, with the US, Japan and China investing heavily in developing domestic capabilities. Modi’s push to turn India into a global manufacturing hub also includes luring international chipmakers to the country — a bid to catch up in the sector to save money on expensive imports and enhance a growing smartphone assembly industry.

  

• Foxconn founder Terry Gou makes first high profile appearance in months

  Gou, who stepped down as Foxconn chief in 2019 and resigned as a board member last September, remains the company's largest shareholder and is still reverentially referred to by company executives as "the Founder".

  

• Workers at Apple supplier Flex's India plant stage one-day strike

  "Our values-based culture supports fair and competitive compensation for work, and open and transparent communication. Our doors are open and we encourage employees to share their perspectives," Flex said in a statement.