Taiwan Semiconductor Manufacturing Co., the world’s largest contract semiconductor foundry, said today that it plans to build an advanced chip foundry in Arizona with support from the state and the United States federal government. The announcement follows a Wall Street Journal report earlier this week that White House officials were in talks with TSMC and […]
It has been over 5 years since Nokia’s Sriperumbudur plant shut down production due to a tax dispute. Now, Finnish based firm Salcomp, manufacturer of chargers/adapters for mobile phones and other electronics for companies like Apple, has bought the defunct plant for about Rs. Salcomp already operates two units in the Sriperumbudur SEZ zone having close to 7000 employees with the new factory said to add over 10000 jobs. Apple’s components is about 60% in the 1.1 million sq ft plant — and the balance would be for others including Foxconn, Xiaomi, Vivo and OPPO, according to ET report. These decisions add to the larger strategy of Apple in expanding production in India for the local and global markets.