Apple’s Supplier (Foxconn) Failed Venture in India

However, breaking into this market hasn't been smooth for Foxconn, as the sector is ruled by seasoned giants like TSMC, Samsung, and Micron. These established entities have invested trillions and spent decades refining their skills.

Foxconn's move into semiconductors aligns with their diversification strategy. They aim to provide comprehensive solutions for electronics and auto sectors. Notably, Foxconn intensified its chip focus by collaborating with Yageo Corporation in 2021 and later acquiring a chip plant from Macronix. A significant step was their $19.5 billion partnership with Indian conglomerate Vedanta to produce semiconductors in India.

India was an attractive choice for Foxconn due to its growing stature as an electronics manufacturing hub and its ambitions, supported by public subsidies and regulatory incentives, to strengthen its domestic semiconductor industry.

With a complex supply chain and over two decades of experience, these major players make it incredibly hard for newcomers, even for a company as large as Foxconn.