Taiwan's Vice President Lai Ching-te has said China should not put pressure on Taiwanese companies during an election or else they will move production elsewhere, Voice of America (VOA) reported.
Emile Chang, an official from the Ministry of Economic Affairs responsible for investment oversight, stated that an "administrative probe" has been initiated into the four Taiwanese companies mentioned in a media report.
Wellington Koo, secretary-general of Taiwan's National Security Council said, "Before the end of the year, the National Science and Technology Council will announce what are considered core technologies that need to be protected."
Taiwanese electronics major Foxconn aims to double its workforce and investment in India by next year, a company representative based in India said on Sunday.
Karnataka minister MB Patil said on Wednesday that the state government and electronics major Foxconn have signed the Letter of Intent (LOI) for two projects with an estimated investment outlay of Rs 5,000 crore.
Karnataka Ministers MB Patil and Priyanka Kharge held a meeting with iPhone maker Foxconn chairman Young Liu about intended projects for which the company is keen to invest in the state of Karnataka turned out to be fruitful.
Hon Hai Technology Group (or Foxconn) signed a Letter of Intent to set up a new mobile components manufacturing facility at a cost of Rs 1,600 crore in Kanchipuram district in the presence of Tamil Nadu Chief Minister MK Stalin on Monday.
Prime Minister Narendra Modi met Foxconn Chairman Young Liu in Gandhinagar and welcomed the company’s plans to expand semiconductor and chip manufacturing capacity in India.
Referring to the side effects of the pandemic and the Russia-Ukraine war, Prime Minister Narendra Modi on Friday said that the world needs a reliable supply chain and it is India which can be that partner.
On the first day of the conference, American multinational semiconductor Advanced Micro Devices (AMD) announced it will invest approximately USD 400 million in India over the next five years.