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Foxconn Chairman Lands in Bangalore to Visit iPhone Manufacturing Facility

CIO Insider Team | Saturday, 17 August, 2024
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Young Liu, the chairman of Foxconn, traveled to Bangalore on Friday to see the company's vast 300-acre iPhone manufacturing facility.

His planned visit to the Taiwanese contract manufacturer's assembly factory, which is being built close to Kempegowda International Airport to construct Apple's iPhone, is set for today.

After Foxconn (Hon Hai Precision Industry Co Ltd) and the state government signed a memorandum of collaboration last year, this is the prominent CEO's first trip to Bangalore.

In March of last year, the government approved Foxconn's plan to invest $1 billion to establish the iPhone facility. Later on, the biggest electronics maker in the world added an extra $1.7 billion to the investment plan.

Liu was met at the airport on Friday by MB Patil, the minister of industries, and Priyank Kharge, the minister of electronics and IT/BT.

Liu was later given dinner by deputy chief minister DK Shivakumar and chief minister Siddaramaiah.

The CM showed his excitement for the project during their discussion, emphasizing how it would empower the workforce, support the local economy, and generate a large number of employment in the state, all of which would contribute to the region's overall success.

Under the name "Project Cheetah," Foxconn is building a state-of-the-art plant in Bangalore District to manufacture and assemble mechanical parts for electric vehicles.

His planned visit to the Taiwanese contract manufacturer's assembly factory, which is being built close to Kempegowda International Airport to construct Apple's iPhone, is set for today.

After an inspection by an Apple team, Foxconn will only commission its new factory with Apple Inc.'s approval.

When it opens, this plant is said to be the biggest Foxconn facility in India.

Foxconn's impending investments will significantly boost Karnataka's growth, according to Industries Minister MB Patil, who announced on X.

In an effort to draw investors into the electronics and semiconductor industries, the Karnataka Assembly modified the Factories Act, 1948, last year, allowing workers to work up to 12 hours per day, with a weekly cap of 48 hours.



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