FOXCONN
Indian officials visit Foxconn iPhone plant, question executives about hiring
Indian labour officials inspected a Foxconn factory near Chennai, questioning executives about alleged discriminatory hiring practices against married women. This follows a Reuters report revealing that Foxconn systematically excludes married women from iPhone assembly jobs. The investigation has prompted government inquiries and public debates about workplace discrimination and labour laws.
NHRC seeks detailed report from labour ministry, Tamil Nadu government on Foxconn issue
The National Human Rights Commission (NHRC) has issued notices to the central labor ministry and Tamil Nadu government over allegations of Foxconn's discrimination against married women at its Sriperumbudur assembly plant. This action follows reports that Foxconn excluded married women from employment, raising serious concerns about gender equality and the violation of the right to equal opportunity.
'We hire more women because they are more disciplined', says Ola founder Bhavish Aggarwal on Foxconn controversy
Ola's founder Bhavish Aggarwal reaffirmed the company's commitment to employing women, including married women, amid reports of Foxconn's discriminatory practices. Ola's FutureFactory in Tamil Nadu employs an all-women workforce, with plans to extend this model to its new Gigafactory. Aggarwal emphasized that women are disciplined and dexterous, and Ola aims to address the low representation of women in the workforce by hiring at all levels, including senior management.
Wary Paytm to avoid regulated biz; Foxconn to make AI servers in India
Happy Friday! Paytm is steering clear of regulated businesses and will instead focus on building a strong distribution network. This and more in today's ETtech Morning Dispatch.
After iPhone, Foxconn’s next big revenue project in India is AI servers
Contract manufacturer Foxconn said it has plans to begin manufacturing AI servers—the high-performance computing engines that train and run artificial intelligence (AI) models—at its Indian facilities, sources told ET.
Foxconn employment row: Trade unions gather info on recruitment exercise at Tamil Nadu plant
The Union Ministry of Labour and Employment has sought a detailed report from the Tamil Nadu labour department after reports suggested that Foxconn was not hiring married women at the sprawling facility near here. An official of a manpower agency in Sriperumbudur said Foxconn India outsources employees through agencies and claimed that he did not come across any such incident of married women not getting preferred for recruitment.
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25% of new hires are married women; nearly 70% workforce are women: Apple iPhone maker Foxconn
Foxconn clarified to government that 25 per cent of new hires are married women and safety protocol banning metal is not discriminatory. Ministry of Labour sought report on married women issue at Foxconn India Apple iPhone Plant. Foxconn emphasised that safety protocol applied to all, not just Hindu women. They brushed away media reports saying it was a misinterpretation.
Amazon Pay India top up; GST summons for egaming firms
Amazon has pumped Rs 600 crore in its local fintech unit Amazon Pay India. This and more today’s ETtech Top 5.
Labor Ministry seeks detailed report from Tamil Nadu government on discriminatory hiring practice at Foxconn plant
The Indian government has requested a detailed report on hiring practices at Foxconn's iPhone plant in Tamil Nadu, following reports of married women being excluded from assembly operations. The ministry of labour and employment has directed its regional office to provide the report, as section 5 of the Equal Remuneration Act, 1976 stipulates no discrimination in recruitment.
Apple supplier Foxconn rejects married women from India iPhone jobs
A former human-resources executive at Foxconn India said the company's executives verbally convey the recruitment rules to its Indian hiring agencies, which Foxconn tasks with scouting for candidates, bringing them in for interviews and employing them.
Like a pop star, Nvidia's CEO Huang stirs up 'Jensanity' in Taiwan
Huang, the local boy who made good, is the subject of wall-to-wall coverage on Taiwanese television and reporters trail him constantly. He was mobbed by attendees at the Computex tech trade fair and has featured in thousands of social media posts.
Modi plans post-election reforms to rival Chinese manufacturing
Indian Prime Minister Narendra Modi is planning business-friendly measures if he secures a third term, aiming to boost domestic manufacturing by easing labor regulations, offering subsidies, and reducing import taxes. Modi's vision includes creating industrial zones to attract global firms, but challenges remain with restrictive labor laws, land acquisition, and high import tariffs. His reelection campaign emphasizes economic development and positioning India as a manufacturing hub.
Nvidia boss, top chip CEOs to lay out AI plans at Taiwan expo
The world's biggest heavyweights in chipmaking and artificial intelligence will converge this week for Taiwan's premier tech expo, with Nvidia CEO Jensen Huang expected to get a rockstar reception at his keynote speech on Sunday. That is thanks in large part to Nvidia becoming the undisputed global leader in the specialised chips and hardware needed for cutting-edge AI. A day before his speech at the National Taiwan University, Huang threw the opening pitch before a baseball game in Taipei.
Govt seeks updates from hardware PLI beneficiaries
The Indian government is monitoring imports of laptops, tablets, and servers, focusing on 27 companies under the Production linked incentive (PLI) scheme 2.0 for IT hardware. The government is preparing to replace the current import management system with an import authorisation mechanism to make the country a global manufacturing hub. PLI-approved companies are required to submit monthly updates on their local manufacturing plans, such as the establishment of assembly lines, investments, and jobs.
Google leases 6,49,000 sq ft office space in Bengaluru
The company has lined up significant investments in the Indian market. This includes plans to manufacture smartphones at a Foxconn facility in Tamil Nadu and starting independent drone manufacturing in the state. Google aims to start production of Pixel smartphones in India, starting with the Pixel 8 model. Reports also suggest that the company is relocating some roles to India, a rapidly growing market.
Google to make Pixel in Tamil Nadu, confirms MK Stalin; drones coming up next?
Alphabet Inc., led by Sundar Pichai, will produce its flagship smartphones in Tamil Nadu, announced Chief Minister MK Stalin. Partnering with Foxconn, they plan to manufacture Pixel phones and potentially drones. This move aligns with Google's 2023 announcement to manufacture Pixel 8 smartphones in India, following Apple and Samsung's production shifts.
Google picks southern Indian state for smartphone production
Google is set to invest billions in Tamil Nadu, India to produce smartphones and drones. The move follows a trend of tech companies, like Apple, shifting production from China. The state aims to boost advanced manufacturing, with Google's decision contributing to its transformation. This shift benefits India's economy and aligns with Prime Minister Modi's incentives to attract electronics manufacturers.
Apple supplier Foxconn among firms asked to cut power use in Vietnam
The request for energy-saving measures, which two other industry sources said was sent to multiple manufacturers, is precautionary and aimed at averting a repeat of last summer when power shortage led to over a billion dollars in lost output.
Roadblocks for q-commerce; Mizuho InCred deal
Happy Friday! As quick commerce platforms diversify, they are likely to face operational challenges. More on this in today’s ETtech Morning Dispatch.
Taiwan is selling more to the US than China in major shift away from Beijing
Taiwan is shifting its focus away from China, the world's second-largest economy, and towards the United States. The world's largest computer chip maker, TSMC, announced bigger investments in the U.S. last month after a boost from the Biden administration. Taiwanese semiconductor company ended its two-decade-long run in mainland China amid a global race to gain the edge in the high-tech industry.
AP fire-hit Foxlink back on track with a new Tamil Nadu plant
Apple supplier, Foxlink of Taiwan, is setting up a new factory in Oragadam, close to Chennai. This move comes as part of a fresh expansion plan following a destructive fire at their facility in Tirupati, Andhra Pradesh, last year.
Yuzhan Technology lease out warehosuing space in Chennai after rise in exports of Apple iPhones in India
Yuzhan Technology, part of Taiwan’s Foxconn Group, leases 550,000 sq. ft. of warehousing space at ESR Industrial Park in Chennai for Apple iPhone exports. The facility supports Foxconn's scaling operations due to growing demand for Apple products manufactured in India, optimizing supply chain logistics for expanding export activity.
International calls for iPhones made in India ring louder; Apple may hit Rs 1 lakh cr export mark in FY25
Apple exports a bulk of its total India production. In FY24, Apple’s total production in India touched $14 billion (Rs 1.2 lakh crore). The company’s exports crossed $10 billion (Rs 85,000 crore). Both these figures were the highest achieved by any company in India till date for a single financial year.
As many as 17 firms under IT hardware PLI to start production this year: IT Secretary
Most IT hardware PLI scheme participants, including major players like Dell and HP, are set to commence production this year, according to a Ministry of Electronics and IT official. 17 out of 27 selected companies are expected to begin production, with the India AI Mission prioritizing domestic firms.
Pack a punch before we get fab at chips
Tatas could make up for India's initial missteps over semiconductor manufacturing. GoI rolled out incentives for chip-making when the need to diversify this concentrated value chain became evident to policymakers globally.
Foxconn reiterates Q2 revenue to grow, posts record April sales
Foxconn anticipates higher second-quarter revenue with record April sales and strong growth in AI server demand, smart consumer electronics, and cloud products. CEO Tim Cook optimistic about revenue growth.
Karnataka govt to deposit compensation towards land acquired for Foxconn
Karnataka compensates Foxconn for Bengaluru facility, assembling 20M smartphones annually. CEO deposits compensation in court. 867.37 acres acquired for industrial estate, with additional $1.7 billion investment by Foxconn.
Foxconn considers rotating CEOs in management reshuffle
Senior Foxconn managers, whose clients also include Amazon, have discussed the rotating CEO plan for several months, the three sources with direct knowledge of the matter said. They all requested anonymity due to its sensitivity.
Foxconn considers rotating CEOs in management reshuffle
Foxconn considers a rotating CEO system to enhance talent development, boost governance, and end a one-man rule system. This change may involve Young Liu transitioning from holding both CEO and chairman roles since 2019.
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