May 15, 2026
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Tag : Foxconn

Technology

India weighs $11 billion fund to boost chipmaking

omandailynews.com
NEW DELHI: India is preparing a new fund worth more than 1 trillion rupees, or about $11 billion, to support domestic semiconductor production, according to a report published Thursday. The report said the proposed funding would provide subsidies for chip design projects, manufacturing equipment and the development of a local semiconductor supply......
Technology

Apple partner Foxconn buys 13 million square feet site in Bengaluru for production expansion

omandailynews.com
Foxconn, the leading Apple supplier, has acquired a massive 1.2 million-square-meter (13 million-square-foot) property on the outskirts of Bengaluru, India, according to a statement issued to the London Stock Exchange. The purchase, located in Devanahalli near the airport for the Indian tech hub, is part of Foxconn’s efforts to diversify......
Business

Apple set to launch first-ever retail store in India this month

omandailynews.com
Apple is all set to launch its first-ever retail store in India, nearly two decades after it started selling products and services in the country. The US-based tech giant is slated to open its store, called Apple BKC, located in the Jio World Drive Mall in Mumbai, to the public......