India encourages Taiwan to invest ahead of ASEAN | ASEAN Plus | TNN | Sunday May 21, 2023 // Foxconn moves iPhone production from China to Vietnam // Foxconn, Taiwan’s leading semiconductor and car battery manufacturer has gradually moved their homes out of China By focusing on 2 regions, ASEAN and India. The current situation ASEAN hopes Taiwan’s main business Especially in new industries and technologies. is moving to ASEAN Especially Vietnam and Thailand, but the relocation of the Taiwan base also seems to be aimed at India How will ASEAN manage this? If it finds new competitors outside the region, such as India, February 2023, Foxconn begins to move to Vietnam. Foxconn has a key customer, Apple, the leading smartphone company in the United States. It is also an important backbone in the world’s semiconductor manufacturing chain. It has moved a large part of China to Vietnam, and Apple has also moved some parts out of China as well. Manufacturing in Vietnam Foxconn begins production of AirPods – Apple Watch and iPad, with MacBook production starting in June 2023, appleinsider.com reports. However, it is not easy. to move the base out quickly and a lot According to a report in September last year, Apple estimated that it would take about eight years to move. Only 10 percent of the production leaves China. //Thai-Indonesian Foxconn Electric Vehicle Investment Base // In addition, Foxconn also invested in Thailand at the end of 2022, announcing the establishment of an electric vehicle (EV) factory in Thailand under cooperation with PTT Public Company Limited or PTT Report. According to Taiwanese media, Foxconn signed an agreement with PTT under a joint venture between Horizon Plus, a subsidiary of Foxconn. in the share of 40 percent, while Arun Plus is under PTT Holding a share of 60 percent with an investment value of about 34,000 million baht, Foxconn previously announced cooperation with Indonesia. Support the development of electric cars in the ASEAN region Especially the cooperation in the development and production of batteries. For electric vehicles with Battery Corporation Indika Energy and Indonesia Indonesia //Foxconn Diversifies to India // At the same time, Foxconn is also looking for a location to relocate to India. Not limited to Vietnam, Thailand and Indonesia. It is intended that Foxconn’s production base in India must produce products. up to 25 per cent of the original production of around 5 per cent. Products that Foxconn will manufacture in India, apart from Apple products, will also manufacture semiconductors and electric vehicles as well. ……………………………. // India rushes to flirt with Taiwan to enter the house in front of ASEAN // Commonwealth of Taiwan website reports that Indian government has passed a big budget for the year 2023 for infrastructure. and special subsidies attract foreign investors especially Taiwanese who want to move out of China and elect a new center in India. in many industries that India has a skilled workforce India is seizing this opportunity. Open the door fully to Taiwan after Taiwan announced it would withdraw from China. and started entering gradually investing in vietnam Thailand and Indonesia which India is considering Taiwan should also invest in India. Because India has already adjusted many regulations to wait for investors, such as 1) the electric vehicle battery industry in Taiwan and India. interdependent 2) The government has announced a reduction in corporate income tax to just 15 percent from 2019, which is the lowest rate in the world 3) This corporate income tax reduction Covers new cooperative production groups 4) The budget of the Government Development of highly skilled workers in the technology group -Artificial intelligence AI-robot-machine learning 5) Increase the budget by 33% on rail, road and expressway infrastructure to facilitate transportation and production systems. India’s commitment It is something ASEAN cannot underestimate. ———————— #TNN #ASEAN 4.0 #ASEAN 4.0 Online #ASEAN Plus #ASEAN #ASEANplus Follow all ASEAN economic movements in the ASEAN program Plus every Sunday between 9:30 am and 10:00 am On TNN Channel 16 and the ASEAN 4.0 ONLINE program every Sunday between 5:00 PM and 5:30 PM. Watch live on Youtube: TNN Online and Facebook LIVE PAGE : TNN LIVE ———————————- — —— Channel to follow news station TNN Channel 16 https://www.tnnthailand.com https://tv.trueid.net/live/tnn16 https://www.youtube.com/c/ tnn16 https://www.facebook.com/TNNthailand/ https://www.facebook.com/TNN16LIVE/ https://twitter.com/tnnthailand https://www.instagram.com/tnn_online/ https:// www. tiktok.com/@tnnonline Line @TNNONLINE or click https://lin.ee/4fP2tltIo Keep up with the world, keep up with the economy, keep up with the truth with TNN Channel 16, news station which adheres to the principles of delivering news on point, quickly, correctly and accurately Neutral by a professional news team
