Taiwanese govt says employees of Foxconn, world's largest assembler of iPhones, were detained under 'strange' circumstances in Zhengzhou where it has an assembling plant.
Foxconn's presence in Tamil Nadu has turned the state into India's electronics manufacturing hub, but Reuters investigation into its hiring practices at iPhone plant sparks concerns, again.
Global media also reports on innovations to support outdoor workers facing extreme heat & Foxconn keeping out married women from its workforce in Tamil Nadu.
Reuters spoke to 17 staffers from Foxconn hiring agencies in India & 4 current and former Foxconn HR executives, who confirmed the discriminatory hiring practice at Tamil Nadu plant.
Foxconn said in a regulatory filing that its India unit will own a 40% stake in the joint venture with a $37.2 million investment. HCL did not disclose financial details from its side.
In August, the state of Karnataka said Foxconn will invest $600 million for two projects in the state to make casing components for iPhones and chip-making equipment.
The world's largest contract manufacturer will be in partnership with Applied Materials, a key player in the semiconductor equipment-making industry, in one of the projects.
In 2024-25, India exported $387.54 bn worth of services, against imports of $198.14 bn, earning all-time high surplus of $189.40 bn. This offset 2/3rd of goods trade deficit.
This world is being restructured and redrawn by one man, and what’s his power? It’s not his formidable military. It’s trade. With China, it turned on him.
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