Foxconn to build up to 12 factories and employ 1 million people in India

no smoking

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This is a good opportunity for India to showcase talent to countries such as Taiwan etc. I think FICCI and other state government bodies should start India-Taiwan business partnership so as to get more investment from Taiwanese companies other than FOXCONN. Also Taiwan has 5th largest foreign exchange reserves in the world (three places ahead of India). The Taiwanese government may also invest in India's infrastructure projects and other sectors.
No, Taiwanese companies rarely invested in infrastructure projects as they simply don't have that much money and that kind of technology.

How will China react to this? :biggrin2:
Picking up the phone and calling Vietnam and Thailand:" you get a new competitor here, you have to move quickly".
 

sorcerer

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You are asking something beyond their capability.

Google robotics helping Foxconn improve factory automation: Report

Google has reportedly been working with Foxconn, the world's biggest electronics manufacturer, to help it "speed up robot deployment" in its manufacturing.

The Wall Street Journal quotes sources close to the matter, who say the manufacturing firm, also known as Hon Hai Precision Industry, has been working closely with Andy Rubin, who oversaw the development of Android, in the robotics field. Rubin is currently head of Google's new robotics division.

The sources reveal that Terry Gou, Foxconn's chairman, recently met with Rubin in Taipei and discussed about robotic technologies. It has been further added that Gou seemed to take much interest in the ideas stated by Rubin.

http://gadgets.ndtv.com/others/news...conn-improve-factory-automation-report-482238


Foxconn expects robots to take over more factory work



The electronics industry may still be reliant on human workers to assemble products, but Apple supplier Foxconn Technology Group is hopeful that robots will take over more of the workload soon.

In three years, Foxconn will probably use robots and automation to complete 70 percent of its assembly line work, said company CEO Terry Gou on Thursday in news footage circulated online.

Although the Taiwanese manufacturing giant employs over 1 million workers in mainland China, it has also been investing in robotics research. Previously Gou said he hoped to one day deploy a ”robot army” at the company’s factories, as a way to offset labor costs and improve manufacturing.

http://www.pcworld.com/article/2890032/foxconn-expects-robots-to-take-over-more-factory-work.html

Foxconn wants to replace those pesky workers with ten thousand robots. These robots alone could manufacture hundreds of millions of iPhones every year — potentially eliminating the need for most of the workforce. This rollout of “Foxbots” might solve Foxconn’s current PR problem,

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With precision advancements in technology...such companies do have capability and capacity for installing capabilities ...
 

sorcerer

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No, Taiwanese companies rarely invested in infrastructure projects as they simply don't have that much money and that kind of technology.
SoftBank may invest at least $20 billion in India’s solar energy projects

New Delhi: In late 2014, SoftBank Corp.’s Masayoshi Son pledged to invest at least $10 billion in India over the following decade. On Monday, the Japanese firm said it was partnering Bharti Enterprises Ltd and China’s Foxconn Technology to invest at least $20 billion in solar energy projects in the country.

http://blog.livemint.com/Companies/...tbank-to-double-India-investment-to-20bn.html



Foxconn and China Gezhouba Group International Engineering Co Ltd. Almost 1,000 hectares have been identified near Pune for Beiqi Foton, which wants to start manufacturing light transport vehicles
http://indianexpress.com/article/ci...r-mega-infra-projects-says-devendra-fadnavis/
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Well!!! They seem to have capability, technology and the money for JV.
 

TrueSpirit2

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I hope these are not just assembly factories, let's see if they manage to setup the entire manufacturing supply chain here.

After Micromax, Lava and samsung this is the fourth big player to start in india. i really hope somebody starts manufacturing 40 inch+ LED tv here, i have always felt they are overpriced atleast by 10-15k.
Anyone gave a thought to "water" required by semiconductor (wafer) manufacturing plants ? Can someone elaborate upon the industry's water need vs. supply (water availablity) in India ?

From that perspective as well as export point of view, would coastal cities along Western Ghats or maybe, NE region (excess of rains if harvested properly & future road-rail connectivity with SE Asia countries ) would be more suited for basing such plants ?
 

no smoking

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SoftBank may invest at least $20 billion in India’s solar energy projects

New Delhi: In late 2014, SoftBank Corp.’s Masayoshi Son pledged to invest at least $10 billion in India over the following decade. On Monday, the Japanese firm said it was partnering Bharti Enterprises Ltd and China’s Foxconn Technology to invest at least $20 billion in solar energy projects in the country.

http://blog.livemint.com/Companies/...tbank-to-double-India-investment-to-20bn.html




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Well!!! They seem to have capability, technology and the money for JV.
Oh, yes, Japanese money and Chinese technology.
Do you really know what Foxconn is about? They are contract manufacturer, they master in assembling! They didn't even start any solo energy business until 2013. So guess from whom they get the technology and key components?
 

Srinivas_K

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Oh, yes, Japanese money and Chinese technology.
Do you really know what Foxconn is about? They are contract manufacturer, they master in assembling! They didn't even start any solo energy business until 2013. So guess from whom they get the technology and key components?
India is also trying to set up manufacturing facilities of Micro chips and other components.
 

sorcerer

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They are contract manufacturer, they master in assembling! They didn't even start any solo energy business until 2013. So guess from whom they get the technology and key components?
Doesnt matter whom they get technology...They key is Foxconn is "able" to get what they want. Thats good business. If companies dont provide another with tech or components , foxconn or any company for that matter with capacity will try to make it own their own that makes the "able to get" part easier.

Foxconn has good research labs...and they do have some innovative products. They are not just master in assembling.
 

nimo_cn

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to be honest, I have no problem with foxconn shifting business to India.

but I cant ignore the irony in indian posters' welcome attitude towards foxconn.

not many years ago, right here at this forum, foxconn was regarded as sweatshop and Chinese working for foxconn were likened to slaves.

the same devil foxconn is now coming to India, our indian posters are already opening their arms to embrace the devil.

来自我的 HUAWEI P7-L07 上的 Tapatalk
 

nimo_cn

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Doesnt matter whom they get technology...They key is Foxconn is "able" to get what they want. Thats good business. If companies dont provide another with tech or components , foxconn or any company for that matter with capacity will try to make it own their own that makes the "able to get" part easier.

Foxconn has good research labs...and they do have some innovative products. They are not just master in assembling.
you really dont understand what you are getting from foxconn.

来自我的 HUAWEI P7-L07 上的 Tapatalk
 

sorcerer

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^^

I understood what Foxconn's investment in India is about, what they do.. cuz I am able to read news papers online from various sources unlike you!!
 

nimo_cn

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^^

I understood what Foxconn's investment in India is about, what they do.. cuz I am able to read news papers online from various sources unlike you!!
as if you are the only one who could read news, but can you read Chinese news? dont forget that foxconn is after all a Chinese company.

what foxconn is doing is simply labor-intensive business, which is highly sensitive to labor cost and always pursuing cheap human resource, not some kind of high tech business you guys are trying to pass off.

foxconn is moving out for a simple reason, indians are cheaper than Chinese.

来自我的 HUAWEI P7-L07 上的 Tapatalk
 

sorcerer

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as if you are the only one who could read news, but can you read Chinese news? dont forget that foxconn is after all a Chinese company.

来自我的 HUAWEI P7-L07 上的 Tapatalk
No..I dont want to read Biased news churned out by CCP.
Foxconn is a company run by an exPLA guy....we know

what foxconn is doing is simply labor-intensive business, which is highly sensitive to labor cost and always pursuing cheap human resource, not some kind of high tech business you guys are trying to pass off.
To bring you upto date...Foxconn did that in China and is converting to assembly using robots to avoid hiring cheapest chinese labour.
Foxconn made the chinese slaves work ..made money and is moving out of China for better avenues using tech.
Labour regulations in India is stricter and more democratic than CCP led slavery in China.

foxconn is moving out for a simple reason, indians are cheaper than Chinese.
Not really cuz Chinese are PITA for Foxconn ...not only that..with no respect for IP and shameless stealing(GooPhone)Foxconn is moving out to sensible locations...+ Beijings stance with its neighbors

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Beijing wants territory controlled by its neighbors and, as a result, China is getting itself into nasty scrapes, especially with Japan. Moreover, the Chinese have designs on the sovereign state of Taiwan, which they consider their 34th province. For IT companies, China’s friction with these two countries is a problem because many of their products rely on Japanese and Taiwanese components.

And the Chinese have not only gone after neighbors. Since late 2010, Beijing has sought to punish American, European Union, and Norwegian companies for perceived misdeeds of their governments. In Norway’s case, it was the award of the Nobel Peace Prize to dissident Liu Xiaobo that started a multi-year Chinese war against salmon imports from the Scandinavian country.

Costs can always be passed on to customers or absorbed. Supply chain disruptions, however, can kill a business. Beijing’s retaliation last September against Japanese companies showed that China is no longer a reliable member of global supply chains.

As Beijing seeks to use its economic leverage to obtain geopolitical objectives, companies will have no choice but to reduce their China exposure. This comes at a time when economic factors are already pushing foreign businesses away.
http://www.forbes.com/sites/gordonchang/2013/02/24/is-foxconn-fleeing-china-sure-looks-like-it/

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Theres more than what you read in Chinese Newspapers!!!!
INdia being a good market for mobile devices Foxconn doesnt want to lose this market.
 

sorcerer

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Foxconn eyes factories in U.S., Indonesia as China's luster fades


Taiwan's Foxconn Technology Group, the major supplier of Apple Inc's iPhones and iPads, may build high-tech factories in the United States and low-cost plants in Indonesia as the appeal of 'made in China' fades into a burden.

Beset by rising costs and labor unrest in China, Chairman Terry Gou told employees on Sunday that Foxconn is considering diversifying away from its manufacturing heartland. The world's largest contract maker of electronic goods has little choice if it's to protect margins and stay ahead of peers who have adapted the Foxconn playbook into their own success stories.

"The U.S. is a must-go market," said Gou, speaking at the group's annual party on Sunday to mark the end of the Chinese year. Many customers and partners have asked Foxconn to open shop in the U.S., Gou said, with an eye on advanced manufacturing much closer to their home base.

At the same time, Indonesia will be a top priority this year as a potential production base with attractive costs and skills. That would tie in with Foxconn's deal to design and market phones in the country with BlackBerry Ltd as the Canadian company seeks to reverse its decline in the smartphone business.

"Foxconn has no choice but to do it," said Danny Lee, a fund manager of Mega Financial Holding's fund unit. "China is no longer a manufacturing hub for companies worldwide, especially so for the PC industry."

In the U.S., Foxconn businesses like flagship unit Hon Hai Precision Industry Co Ltd, Foxconn Technology Co Ltd and FIH Mobile could take advantage of geographical proximity to open up new deals with partners like Apple as they develop new gadgets.

"I think they're looking more closely at the U.S. in order to move closer to some of their biggest clients. Obama is also really pushing to return manufacturing to America and boost employment opportunities," said Kuo Ming-Chi, an analyst at Taipei-based KGI Securities.

INDONESIA POTENTIAL

Foxconn's ambitious growth plans could see it lift annual revenue to T$10 trillion ($333 billion) a decade from now, from T$4 trillion in 2013, Gou told employees on Sunday.

The news helped shares in Hon Hai shrug off a slide in the broader Taiwan market. Hon Hai stocks eased 0.1 percent, while the main index closed 1.6 percent lower.

Best known for putting together iPhones, Foxconn honed its skills by meeting Apple's exacting standards and supply chain rigor. It boasts a workforce of more than 1 million, and the scale to negotiate cheaper component prices than BlackBerry could obtain on its own.

Gou placed emphasis on Indonesia for future development. He said the country, rather than India, will be best able to replace China as the world's manufacturing hub in the future.

"Foxconn views as a rising market with great potential. There's also no shortage of IT personnel there. He's prioritizing places with the most potential for domestic market growth, and Indonesia is at the top of that list," said KGI's Kuo.

Indonesian government officials have said Hon Hai wants to gradually invest as much as $10 billion over 5 years with local partner Erajaya Swasembada, and Indonesia will offer the Taiwanese firm a tax package aimed at kickstarting the plan. Hon Hai has yet to confirm these details.

(Additional reporting by Michael Gold; Editing by Kenneth Maxwell)
http://www.reuters.com/article/2014/01/27/us-foxconn-taiwan-idUSBREA0Q01F20140127
 

Srinivas_K

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as if you are the only one who could read news, but can you read Chinese news? dont forget that foxconn is after all a Chinese company.

what foxconn is doing is simply labor-intensive business, which is highly sensitive to labor cost and always pursuing cheap human resource, not some kind of high tech business you guys are trying to pass off.

foxconn is moving out for a simple reason, indians are cheaper than Chinese.

来自我的 HUAWEI P7-L07 上的 Tapatalk
But .... But China got those factories because of the same reason of chinese being cheap in the last decade, add to that the prision camps and working conditions with no human rights. One can easily produce the goods cheap in China at that time.
 

Srinivas_K

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to be honest, I have no problem with foxconn shifting business to India.

but I cant ignore the irony in indian posters' welcome attitude towards foxconn.

not many years ago, right here at this forum, foxconn was regarded as sweatshop and Chinese working for foxconn were likened to slaves.

the same devil foxconn is now coming to India, our indian posters are already opening their arms to embrace the devil.

来自我的 HUAWEI P7-L07 上的 Tapatalk
India is a democracy which can protect the human rights of the working class so .... np.
 

no smoking

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India is a democracy which can protect the human rights of the working class so .... np.
Last time I check, India still has one of largest child labour in the world. Now, tell me how did this democracy protect them.
 

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