Foxconn | DD News

May 15, 2026 10:05 AM

Foxconn projects 30% capex growth in 2026 amid robust AI demand

Taiwan-based manufacturing giant Hon Hai Precision Industry Co. on Thursday said it expects its capital expenditure to grow by more than 30 per cent in 2026, driven by sustained demand for artificial intelligence (AI) and cloud-based infrastructure. The company, globally known as Foxconn, said the increased spending is aimed at strengthening its international manufacturing footprint and enhancing technical capabilities, according to a report by Focus Taiwan. Speaking at an investor conference,...

December 22, 2025 4:55 PM

Electronics sector creating large-scale blue-collar jobs for women: Ashwini Vaishnaw

Union Minister Ashwini Vaishnaw on Monday said that India’s electronics sector is generating large-scale blue-collar employment opportunities, particularly for women. He made the remarks while referring to reports that Taiwan-based electronics major Foxconn has onboarded nearly 30,000 employees - around 80 per cent of them women - at its new iPhone assembly facility in Bengaluru within just eight to nine months. In a post on X, Vaishnaw said that “a women led mega factory would have been u...

February 13, 2025 9:02 AM

Foxconn says it is open to buying a stake in Nissan

Taiwan's Foxconn would consider taking a stake in Nissan for cooperation, its chairman said, as the Japanese automaker's future hangs in the balance after stepping back from merger talks with Honda. "If cooperation requires it (purchasing Nissan shares), we will consider it," Foxconn chairman Young Liu told reporters on Wednesday in the company's first public comments about its talks with Nissan. "But purchasing its shares is not our aim; our aim is cooperation," he said, adding it was tal...

August 16, 2024 3:21 PM

Foxconn eyes investment in Hyderabad; Chairman Young Liu meets CM Revanth Reddy

Foxconn Chairman Young Liu has expressed a strong interest in investing in Hyderabad, pointing to the city’s growing capabilities in both industrial and service sectors. During a recent meeting in New Delhi with Telangana Chief Minister A Revanth Reddy, Liu praised the CM's approach, particularly his plans for the development of the Fourth City project. Liu said, "Hyderabad city has the potential to expand in all sectors, including industrial and service sectors." The Foxconn delegation, le...