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Bengaluru: InFocus, a mobile phone arm of Hon Hai Precision Industry Co, looks at being one of the top five brands in India in the coming three years, with a strong channel play, as per media reports. The company is adopting a mix of online-offline strategy to ascertain a slot for themselves among the top five smartphone players in India in the next three years, told Luo Zhongsheng, Global CEO for Sharp and InFocus mobile brands globally and Senior Vice-President at Foxconn to BusinessLine. InFocus aims to invest US $...

Chinese smartphone maker Xiaomi, which has a contract manufacturing facility with Taiwan-based Foxconn at Sri City, has said it would ramp up production by adding more assembly lines. Currently, Xiaomi India sells various models produced at the manufacturing facility of Foxconn located at Sri City Special Economic Zone, Tada near Chennai. “The plan is to increase number of (assembly) lines in our existing facility in Sri City (SEZ). We will be ramping up production,” PTI report published in Financial Express quoted Xiaomi India Chief Manu Jain as saying. Besides ramping up production,...

Foxconn seems not pleased with Nokia’s legal and financial crisis. With regards to taking over Nokia’s Chennai production plant, the Taiwanese multinational electronics contract manufacturing company, has laid down certain conditions, which include freedom from all financial and legal liabilities of the plant. The plant which is in the middle of a INR 21,000-crore tax liability dispute with the government would need its backing in order for the terms to go through. Some of the other key demands include Nokia seeking to convert part of the Special Economic Zone (SEZ)...

Taiwanese multinational electronics contract manufacturing company, Foxconn will reportedly commence its mobile manufacturing plant in Navi Mumbai in August. Foxconn will initially make mobile phones at a 2 lakh square feet facility in Navi Mumbai and later laptops and computers, said Apurva Chandra, Principal Secretary - Industries, Maharashtra government. Also Read: Will Foxconn Revive The Nokia Factory? “Foxconn has taken a rented premise in Navi Mumbai. They have taken 2 lakh square feet. They have (set up) their mobile manufacturing facility (there). And probably, as we are told, first week of...

According to the report by The Economic Times, the Nokia factory based in Chennai has fresh troubles. The biggest hurdle ahead is the humongous tax dispute. Government officials had earlier approached Foxconn Founder Terry Gou. The Government hopes to revive the plant and is said to have discussed the proposed sale of the Nokia factory in Chennai. An official is said to have told ET that “We can say we have broken the ice with Foxconn. Now, the next task at hand is to ensure the aspirations of Foxconn and...