TAIPEI, March 4 (Reuters) – Major Apple Inc ( AAPL.O ) supplier Foxconn ( 2317.TW ) said on Saturday it was seeking cooperation in India in new areas such as chips and electric vehicles (EVs) after a visit to the country by its chairman, Liu Young-way.
Apple has moved production away from China after the country’s strict COVID-19 restrictions disrupted the manufacture of new iPhones and other devices, and amid tensions between Beijing and Washington.
In January, India’s commerce minister said Apple, which began assembling the iPhone in the country in 2017 through Wistron Corp ( 3231.TW ) and later Foxconn, wants India to account for up to 25% of its production, from about 5% to 7% at the moment.
Taiwan’s Foxconn, the world’s largest contract electronics manufacturer and formally called Hon Hai Precision Industry Co Ltd, said Liu had visited India from February 27 to Saturday.
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“My trip this week supported Foxconn’s efforts to deepen partnerships, meet old friends and make new ones, and seek cooperation in new areas such as semiconductor development and electric vehicles,” Liu said in a statement.
Foxconn has ambitious plans to make electric cars and is also looking to make chips.
“On the basis of sharing, cooperating and thriving together, Foxconn will continue to communicate with local governments to seek the most beneficial development opportunities for the company and all stakeholders,” Liu added.
He did not mention any new concrete investment plans in the country, and Foxconn has not announced any since his trip.
Apple’s iPhones will soon be assembled at another site in the southern Indian state of Karnataka, and 300 acres (120 hectares) have been set aside to set up a factory, the state government said on Friday.
Currently, iPhones are assembled in India by at least three of Apple’s global suppliers – Foxconn and Pegatron ( 4938.TW ) in Tamil Nadu and Wistron in Karnataka.
Reporting by Ben Blanchard; Editing by William Mallard
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