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    CBUAE Implements Central Bank Digital Currency Strategy with G42 Cloud and R3

    Celfocus and Advansys Launch Technology Development Center in Egypt, Reinforcing Egypt’s Position as a Top Global Outsourcing Destination

    Emirates NBD partners with Plug and Play Abu Dhabi to seek FinTech solutions for risk management and cyber security

    AmiViz partners with PolySwarm to offer blockchain-based malware threat intelligence on its B2B platform for Middle East enterprises

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      CBUAE Implements Central Bank Digital Currency Strategy with G42 Cloud and R3

      Celfocus and Advansys Launch Technology Development Center in Egypt, Reinforcing Egypt’s Position as a Top Global Outsourcing Destination

      Emirates NBD partners with Plug and Play Abu Dhabi to seek FinTech solutions for risk management and cyber security

      AmiViz partners with PolySwarm to offer blockchain-based malware threat intelligence on its B2B platform for Middle East enterprises

      GitHub’s Copilot adds chat and voice feature for improved developer assistance

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    Foxconn to build AirPods factory in India, diversifying beyond China

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    Taiwanese contract manufacturer Foxconn has won an order from Apple to manufacture AirPods and plans to construct a factory in India for the wireless earphones, according to two people familiar with the matter. The deal marks Foxconn’s first time as an AirPod supplier and demonstrates its efforts to diversify production beyond China, where the company assembles approximately 70% of all iPhones. AirPods are presently manufactured by several Chinese suppliers.

    Foxconn will reportedly invest over $200 million in the new India AirPod plant, located in the southern Indian state of Telangana, according to one of the sources, who requested anonymity because the information was not public. It remains unclear how much the AirPod order will be worth.

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    The source revealed that Foxconn executives internally deliberated for months about assembling AirPods due to relatively lower profit margins on the device, but eventually decided to proceed with the deal to “strengthen engagement” with Apple. “That way, we are more likely to get orders for their new products”, the person said.

    The move to set up production in India was requested by Apple, according to the source. Foxconn competes with Taiwanese rivals Wistron Corp and Pegatron Corp to secure more orders from Apple, the world’s most valuable company.

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