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Foxconn, Wistron, Dell, 16 others apply for investments under PLI scheme for IT hardware Representative image Apple s contract manufacturers Foxconn and Wistron, computer firm Dell and domestic company Lava are among the 19 companies that have applied for investments under the production linked incentive scheme for IT hardware manufacturing, the Ministry of Electronics and IT said on Tuesday. According to the Ministry, the scheme is expected to lead to total production worth around Rs 1.6 lakh crore. Production Linked Incentive (PLI) scheme for IT Hardware was notified on March 3. The scheme provides an incentive of 1 to 4 per cent to eligible companies on net incremental sales over the base year of FY 2019-20 of goods under target segments that are manufactured in India for a period of four years (FY 2021-22 to FY 2024-25). ....
When the state announced a dramatically downsized deal with Foxconn last week on jobs, investment and taxpayer incentives, Gov. Tony Evers said it would save taxpayers $2.77 billion. ....
Foxconn extends footprint in Chinese mainland as US project shrinks Wang Bozun Published: Apr 25, 2021 08:54 PM Employees work at a Foxconn factory in the township of Longhua, South China s Guangdong Province. File photo: VCGTaiwan island-based electronics giant Foxconn have kicked off operations of a brand new massive factory in Zhoukou, Central China s Henan Province over the weekend, marking another extension for the company s already huge presence in the Chinese mainland, in stark contrast to its troubled project in the US. With a total investment of 1.5 billion yuan ($231 million), the project has two phases. The operation of the first phase started on Saturday - less than two months after Foxconn signed the deal with the local government in early March - according to the company. ....
International Business News: Taiwanese contract electronics manufacturer Foxconn will dramatically scale back its planned investment in an initially planned $10 billion Wisconsin ....