News Post
Economic Times
| 1mFoxconn’s Bharat FIH looks beyond Xiaomi to offset slump
Bharat FIH, a Foxconn group company in India, is seeking to diversify its operations as it faces a decline in orders from its main client, Xiaomi, due to a government crackdown on Chinese businesses. The company's sprawling campus near Chennai has focused on manufacturing Android phones but is now looking to enter segments such as telecom equipment, electric vehicles, televisions, and displays. Bharat FIH aims to leverage its success in smartphones to expand into these new areas. However, experts caution that diversification may take time as the market already has established players.
No Comments yet
More Like this
Download the medial app to read full posts, comements and news.