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Foxconn says it plans to double investment and jobs in India by next year

Among Apple’s most prominent suppliers, Taiwan HQed Foxconn has been accelerating its diversification from China-based production lines to India. Now, the electronics manufacturer is set to make even more substantial investments in the South-Asian country. V Lee, Foxconn’s representative in India, conveyed these ambitious plans in a LinkedIn post, coinciding with Indian Prime Minister Narendra … [Read more…]

British chipmaker ARM files for Nasdaq IPO, expected to be the biggest this year

British chip designer Arm, owned by Japanese behemoth Softbank, has officially filed for its highly-anticipated initial public offering (IPO) on the Nasdaq, setting the stage for what is likely to be the year’s largest IPO so far. This development marks Arm’s return to the public markets after seven years – in 2016, it had been … [Read more…]