Latest Stories in "Foxconn"
Chinese smartphone-maker Xiaomi on Monday announced its second manufacturing unit in partnership with Taiwanese electronics major Foxconn in Andhra Pradesh. The main announcements include the global roll out of Nokia 6, Nokia 5, Nokia 3 and Nokia 3310. Nokia set to make a grand comeback, can the iconic smartphone brand retain its legacy in the cut-throat smartphone market. Toshiba Corp's board on Friday approved plans to make its core memory chip business a separate company and seek outside investment in it, aiming to avoid being crippled by an upcoming multi-billion dollar writedown for its U.S. nuclear business.
Along with Foxconn, the company is investing in a new US factory focused on producing 'larger display panels'. A joint venture between Hon Hai Precision Industry Co, known as Foxconn, and Sharp Corp plans to build a 61 billion yuan ($8.8 billion) factory in China to produce liquid-crystal displays (LCDs). Tech giant Apple has asked Foxconn and Pegatron to look into this possibility, reports said. 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 is planning to ramp up sourcing of its smart phones, increase service centre network, and add more products to its portfolio in India. Foxconn has reportedly bought two thirds of ailing Sharp, which could have major repercussions for the screen on your phone.
At present, India is one of the largest markets for Xiaomi across the world. Chinese manufacturer Xiaomi is supposedly looking to setup new production units in India with more devices expected to hit the markets. Hottest tech explored and explained Xiaomi Redmi Note series in India comprises of the Redmi Note, the Redmi Note 4G and Redmi Note Prime. Sharp's board of directors have reportedly agreed to a 700 billion Yen takeover offer from Foxconn. Gionee is planning to apply for a single-brand license to setup exclusive stores in the country. Foxconn is planning to build a new campus
with intent to take production capacity to 2.5 million smartphones a month by
the end of 2016
In India, OnePlus had sold nearly 250,000 units of the OnePlus One by August this year. The Chinese handset manufacture has today announced its association with Foxconn and Dixon to begin India production. The phone becomes first Mi product to be made and sold in the country itself. Known as Apple of China, Xiaomi had entered the Indian market in 2014. 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. To make its mark in the global tech field, India needs to build itself an operating system. InFocus will now have the support of Foxconn for the
manufacturing of its smartphones and televisions. Foxconn will start manufacturing smartphones locally for Microsoft in Sri City, Andhra Pradesh. It looks like an iPad mini, runs on Android and is priced affordably.