Tag: #foxconn

Apple iPhone will get the largest manufacturing unit in India

iPhones have been able to grab eyeballs everywhere. They have the best hardware for all users. For convenience, various form factors are available for the users. Every year, new iPhones give users something new to experience.

But pandemic has been able to affect the overall manufacturing of the iPhones worldwide. It has been mainly due to the disruption at the China plant. China has the largest iPhone manufacturing plant. It was due to the lockdown due to the COVID pandemic. The plant is the Zhengzhou plant.

On the positive side, India has started to gain due to this loss. Now, there is positive information that Hosur near Bangalore, will get the largest iPhone plant in the country. Now, iPhones will be manufactured at the new plant where approximately, 60000 people will get to work with new iPhones. Among these 60000 workers, 6000 are tribal women from the areas of Ranchi and Hazaribagh. These women have been trained to manufacture the latest iPhones. The new plant is under the control of Tata Electronics. Other than this, Apple also has other manufacturers in the country namely Foxconn, Wistron and Pegatron.

To reduce the stress on the parts supplier, Apple has given a contract to LG as a new display supplier. This will ensure that Samsung will have less burden in terms of display supply during and after the pandemic period.

https://unsplash.com/photos/nxo1dv5tkmo

This new change has some major effects on the overall supply of the latest iPhones. The new devices will not face supply chain disruptions anymore. It will also ensure that India will be one of the major suppliers or exporters of iPhones to other markets.

But there have also been rumours that iPhones can get a price cut in India. But this is not true. As there will be no reduction in the prices of the iPhones in India. But there will be some relief to the availability of parts in our country. If the need arises, then there can also be a great market for refurbished iPhones. It will help in increasing the number of iPhone users in our country.

iPhones are also facing a little bit of a slowdown in terms of sales. This can be due to the weak financial conditions of several sections of society. So now, this kind of effect has also been seen in companies like Samsung. Samsung is currently planning to reduce the production of mobile phones by 30 million. The reduction of production will also enable the unnecessary stacking up of inventory in various warehouses.

All the above points depict that iPhones will have a great future. India will also play an important part in making a more user-friendly iPhone. The device will be more easily accessible to general users. Maybe there can also be a reduction in the prices of the iPhones. The newer models will also get the opportunity to be assembled or manufactured in countries like India. It will also help in increasing employment in the manufacturing field. The number of skilled people will also increase in terms of electronic manufacturing in our country.

First step by India to become a major semi-conductor manufacturing hub, Vedanta-Foxconn project .

Semiconductors are materials that have electrical conductivity between conductors generally metals and non-conductors or insulators. Due to their role in the fabrication of electronic devices, semiconductors are an important part of our lives. Anything that’s computerized or uses radio waves depends on semiconductors. Semiconductors are an essential component of electronic devices, enabling advances in communications, computing, healthcare, military systems, transportation, clean energy, and countless other applications.

The country responsible for the most semiconductors in the world is China, Taiwan, South Korea, and Japan. The Indian semiconductor market was valued at USD 27.2 billion in 2021 and is expected to grow at a healthy CAGR of nearly 19 percent to reach $64 billion in 2026. But none of these chips is manufactured in India so far.

A joint venture of the Indian conglomerate Vedanta and Taiwanese electronics manufacturing giant Foxconn signed a Memorandum of Understanding on September 14 2022 with the Gujarat government to set up a semiconductor and display manufacturing unit in the state. The project is worth around 20 billion USD. This upcoming facility will mark the beginning of chip manufacturing in India. This is also strategically important for India because it will reduce our dependence on other countries.

Out of the total investment of Rs 1,54,000 crore, Rs 94,000 crore will go into setting up the display manufacturing unit while Rs 60,000 crore will be invested for the semiconductor manufacturing facility, the official said in event of MoU. The FAB (fabrication facility) manufacturing unit in the state facility in Gujarat would create one lakh job opportunities.

As per the MoUs signed by both parties, the Gujarat government will facilitate the investor in obtaining necessary permissions and clearances from the state departments concerned. Among the subsidies and assistance under the state policy, Gujarat will provide additional capital assistance at 40 percent of the capital expenditure assistance extended by the Centre for the projects approved under the India Semiconductor Mission. One-time reimbursement of 100 percent stamp duty and registration fees paid to the government, fixed water tariff at Rs 12 per cubic meter for five years, and a capital subsidy of 50 percent for a desalination plant are the financial benefits under the new policy.

A massive shortage in the semiconductor supply chain last year affected many industries, including electronics and automotive. To cut dependence on imports from nations like Taiwan and China, the government brought a financial incentive scheme for manufacturing semiconductors in the country. Vedanata-Foxconn is one of the successful applicants for the Production Linked Incentive (PLI) scheme for semiconductors and is also a step towards achieving self-reliance in the semiconductor field for the country.

First step by India to become a major semi-conductor manufacturing hub, Vedanta-Foxconn project .

Semiconductors are materials that have electrical conductivity between conductors generally metals and non-conductors or insulators. Due to their role in the fabrication of electronic devices, semiconductors are an important part of our lives. Anything that’s computerized or uses radio waves depends on semiconductors. Semiconductors are an essential component of electronic devices, enabling advances in communications, computing, healthcare, military systems, transportation, clean energy, and countless other applications.

The country responsible for the most semiconductors in the world is China, Taiwan, South Korea, and Japan. The Indian semiconductor market was valued at USD 27.2 billion in 2021 and is expected to grow at a healthy CAGR of nearly 19 percent to reach $64 billion in 2026. But none of these chips is manufactured in India so far.

A joint venture of the Indian conglomerate Vedanta and Taiwanese electronics manufacturing giant Foxconn signed a Memorandum of Understanding on September 14 2022 with the Gujarat government to set up a semiconductor and display manufacturing unit in the state. The project is worth around 20 billion USD. This upcoming facility will mark the beginning of chip manufacturing in India. This is also strategically important for India because it will reduce our dependence on other countries.

Out of the total investment of Rs 1,54,000 crore, Rs 94,000 crore will go into setting up the display manufacturing unit while Rs 60,000 crore will be invested for the semiconductor manufacturing facility, the official said in event of MoU. The FAB (fabrication facility) manufacturing unit in the state facility in Gujarat would create one lakh job opportunities.

As per the MoUs signed by both parties, the Gujarat government will facilitate the investor in obtaining necessary permissions and clearances from the state departments concerned. Among the subsidies and assistance under the state policy, Gujarat will provide additional capital assistance at 40 percent of the capital expenditure assistance extended by the Centre for the projects approved under the India Semiconductor Mission. One-time reimbursement of 100 percent stamp duty and registration fees paid to the government, fixed water tariff at Rs 12 per cubic meter for five years, and a capital subsidy of 50 percent for a desalination plant are the financial benefits under the new policy.

A massive shortage in the semiconductor supply chain last year affected many industries, including electronics and automotive. To cut dependence on imports from nations like Taiwan and China, the government brought a financial incentive scheme for manufacturing semiconductors in the country. Vedanata-Foxconn is one of the successful applicants for the Production Linked Incentive (PLI) scheme for semiconductors and is also a step towards achieving self-reliance in the semiconductor field for the country.