Product details

By continuing to use our site you consent to the use of cookies as described in our privacy policy unless you have disabled them.
You can change your cookie settings at any time but parts of our site will not function correctly without them.
New product
Published by: Amity Research Centers
Published in: 2023
Length: 12 pages
Data source: Published sources

Abstract

Apple Inc's contract partner Foxconn Technology Group (Foxconn), during the beginning of 2023, had decided to diversify. Declaring investments estimated to be of USD700 million during the initial phase in India, the Taiwanese brand looked forward to ramping up the local production. The strategic move to fructify investments, was thought to be in consequence to an accelerated shift from China's market post the COVID-19 pandemic. Nevertheless, industry experts identified that, the investments planned primarily focussing on South India were considered to be biggest single outlay to promote India as the next destination for semiconductor manufacture. Subsequently, in May 2023, Foxconn announced a USD500 million investment in the state of Telangana. Earlier in 2022, Foxconn had entered into a strategic alliance with Indian conglomerate Vedanta, in Gujarat to manufacture semiconductor fabs. Moving forward, however, Foxconn's rift with Vedanta attracted attention of critics as industry insiders expressed concern on future investment options of Foxconn within the Indian market. Moreover, the Taiwanese brand was scouting for optimal business partners in tune with the Government of India's 'Make in India' aspirations. However, with falling orders from Apple amidst rising competition, would the Taiwanese brand be able to sustain in India?

Teaching and learning

This item is suitable for undergraduate, postgraduate and executive education courses.

Time period

The events covered by this case took place in 2023.

Geographical setting

Region:
Asia
Country:
India

Featured company

Foxconn Technology Group
Employees:
10000+
Type:
Public company
Industry:
Electronics

About

Abstract

Apple Inc's contract partner Foxconn Technology Group (Foxconn), during the beginning of 2023, had decided to diversify. Declaring investments estimated to be of USD700 million during the initial phase in India, the Taiwanese brand looked forward to ramping up the local production. The strategic move to fructify investments, was thought to be in consequence to an accelerated shift from China's market post the COVID-19 pandemic. Nevertheless, industry experts identified that, the investments planned primarily focussing on South India were considered to be biggest single outlay to promote India as the next destination for semiconductor manufacture. Subsequently, in May 2023, Foxconn announced a USD500 million investment in the state of Telangana. Earlier in 2022, Foxconn had entered into a strategic alliance with Indian conglomerate Vedanta, in Gujarat to manufacture semiconductor fabs. Moving forward, however, Foxconn's rift with Vedanta attracted attention of critics as industry insiders expressed concern on future investment options of Foxconn within the Indian market. Moreover, the Taiwanese brand was scouting for optimal business partners in tune with the Government of India's 'Make in India' aspirations. However, with falling orders from Apple amidst rising competition, would the Taiwanese brand be able to sustain in India?

Teaching and learning

This item is suitable for undergraduate, postgraduate and executive education courses.

Settings

Time period

The events covered by this case took place in 2023.

Geographical setting

Region:
Asia
Country:
India

Featured company

Foxconn Technology Group
Employees:
10000+
Type:
Public company
Industry:
Electronics

Related