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Foxconn to roll out smartphones for Xiaomi in India: report

Foxconn to roll out smartphones for Xiaomi in India: report

Taipei, July 8 (CNA) Taiwan-based Foxconn Technology Group, the world's largest contract electronics maker, will assemble smartphones in India for Chinese brand Xiaomi Inc., according to a report posted Wednesday by India's technology website TeleAnalysis.
The report cited an unnamed official from Sri City as saying that since early June, Foxconn, known in Taiwan as Hon Hai Group, has been moving production facilities from its plant in Chennai to a new base located in Sri City, which is a special export zone located 55 kilometers north of Chennai. The zone currently houses 107 firms from 27 countries, including 45 multinational corporations.
The report said that Foxconn's new plant will start to produce smartphones for Xiaomi in August at the earliest, since the new plant is in its final stages of preparation.
The report said that the new plant will have an area of about 20,000 square feet.
It noted that Foxconn's Chennai plant, which had been mainly used to manufacture phones for Nokia, was closed in February as a result of Nokia's withdrawal from India in November 2014.
Foxconn and Xiaomi have been working with each other to penetrate emerging markets outside of China.
Last week, market sources said that Foxconn will assemble smartphones at its production base in Brazil for Xiaomi, a plan that illustrates the Chinese brand's ambitions to boost its visibility beyond the Asian market.
In June, the Wall Street Journal said that Foxconn and Alibaba Group, China's largest e-commerce firm, are planning to spend US$500 million to take a 10 percent stake in India's e-commerce firm Snapdeal.com and that the deal is pending regulatory approval from India. (By Jalen Chung and Frances Huang)


Updated : 2021-09-26 05:36 GMT+08:00