EB-5, the United States visa program, that enables foreign investors to obtain a U.S. Visa by investing in a business that will benefit the U.S. economy and create jobs, is becoming an increasingly popular option for Indian nationals who seek permanent residence in the United States. Although its total market...
Foxconn to Assemble High-End iPhones in India
Apple Inc will assemble its top-end iPhones such as the iPhone X family -- in India at the Chennai unit of Taiwan-based Foxconn from early 2019. Currently, Wistron, another Taiwanese company, makes the lower end Apple models such as iPhone 6S and SE in Bangalore. Foxconn, which also makes phones...
OnePlus to Make India a Global Talent Hub
Shenzhen, China-based smartphone manufacturer, OnePlus, launched its R&D center in Hyderabad, India, its fourth after Shenzhen, Taiwan, and the U.S. On the occasion, OnePlus co-founder and CEO Pete Lau said, "We are looking at India as a global talent hub for the company. The idea is to have a long-term...
Chinese Companies Top India's Smartphone Market
India, the world's second largest market for smartphones, is currently a key battleground for a number of phone makers from China, Taiwan, and South Korea. As smartphone shipments slow in many parts of the world, India’s handset market continues to grow. According to research firm Counterpoint, in July forty-two different...
America's Allies Reduce Dependence on China, Turn Toward India
Allies of the U.S. — Japan, South Korea, Taiwan and Australia — are among the countries that are trying to diversify their economies away from dependence on China, whose export-oriented industries are likely to be hurt by the trade war, and are turning toward India. Asian countries "do not have...
China's Xiaomi Expands Manufacturing Base in India
China's Xiaomi will inaugurate three new factories in India as its smartphones sell more than those of any other company in India. These plants are in partnership with Taiwan's electronics firm Foxconn. Additionally, Xiaomi and Foxconn will work together on a new plant in the southern state of Tamil Nadu...