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Xiaomi unveils second manufacturing unit in India

Chinese smartphone-maker Xiaomi on Monday announced its second manufacturing unit in partnership with Taiwanese electronics major Foxconn in Andhra Pradesh.

Hike raises funding of over $175 mn

This has led to the value of the company amounting to close to around 1.4 billion, with existing investors Tiger, Bharti and SoftBank also participating in this round.

Xiaomi to step up operations in India

Xiaomi is planning to ramp up sourcing of its smart phones, increase service centre network, and add more products to its portfolio in India.

Foxconn to buy most of Sharp

Foxconn has reportedly bought two thirds of ailing Sharp, which could have major repercussions for the screen on your phone.

Foxconn to open factory in every Indian state: Terry Gou

Foxconn, the world's largest electronics assembly manufacturer, on Saturday said India would be the next IT hub for it while expressing a desire to open factories in all states in the spirit of the Make in India initiative.

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