Joby Aviation closes $591 million stock offering with full underwriter option
Investing.com -- India does not anticipate major disruptions to Foxconn’s operations in the country following the iPhone assembler’s decision to recall some Chinese employees over recent months, according to a senior Indian government official.
S. Krishnan, secretary of India’s Ministry of Electronics and Information Technology, told reporters in Taipei on Thursday that while "some of the Chinese workers had to leave because they were asked to return, operations did not really suffer significantly."
Speaking during a visit to a trade show in Taiwan, Krishnan explained that Foxconn has maintained stability at its facilities by relying on existing workers and staff from other countries.
"Foxconn has been in their plant near Chennai for the last five years and a new plant is coming up near Bengaluru. So they were able to manage with some of the workers there, some people from Taiwan, and some people from the United States," Krishnan said.
The company has been expanding its manufacturing presence in India as part of the broader trend of electronics manufacturers diversifying production beyond China.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.