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Foxconn’s Telangana plant has been hit due to shortage of dysprosium, disrupting the production of Apple AirPods, ET reported, citing people familiar with the matter.
The shortage is a shadow effect of China’s ban on the export of seven critical rare earth elements — samarium, gadolinium, terbium, dysprosium, lutetium, scandium and yttrium. These metals are crucial for producing magnets which are being used in everything from smartphones and fighter jets to electric vehicles and wind turbines.
Of all the rare metals, AirPods primarily requires neodymium and dysprosium. Neodymium, which is used as a magnet, is mined in China and other countries as well.
The Foxconn Interconnect Technology (FIT) factory is located at Kongara Kalan, which is closer to Hyderabad. FIT is a core subsidiary of Hon Hai Technology Group (Foxconn).
Inc42 has reached out to Foxconn for comments on the development. The story will be updated based on the response.
Foxconn brought the supply issue to the notice of the Telangana government, one of the sources was quoted as saying in the report.
The development comes weeks after commerce and industry minister Piyush Goyal met some of India’s top automotive players and component manufacturers in Delhi, urging Indian companies to develop tech to curb reliance on China.
Further, the central government is also working on an INR 1,345 Cr scheme to incentivise local magnet production, as per reports.
(The story will be updated soon.)
The post Foxconn’s Telangana Plant Faces Rare Earths Shortage, Production Hit appeared first on Inc42 Media.
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