Foxconn CEO Young Liu gets Padma Bhushan; here why

| Updated: 27 January, 2024 3:16 pm IST

NEW DELHI: The Chief Executive Officer and Chairman of Taiwanese technology giant Foxconn Young Liu has been conferred with the prestigious Padma Bhushan award for his transformative contributions to technology and entrepreneurship.

With a career spanning over four decades, Liu stands as a beacon of innovation and enterprise, having founded three successful companies that have left an indelible mark on the tech landscape. In 1988, he established Young Micro Systems, a motherboard company. Subsequently, in 1995, he founded an IC design company specialising in PC chipsets. Additionally, in 1997, he initiated ITE Tech company, ITeX.

READ MORE: Padma Shri conferred upon French nationals, including 100-year-old yoga expert

Foxconn, headquartered in Taiwan, holds the distinction of being the world’s largest contract manufacturer, assembling approximately 70 per cent of iPhones. In response to disruptions caused by the COVID-19 pandemic and geopolitical tensions, the company has strategically diversified its production away from China.

Notably, it has significantly expanded its footprint in India, particularly in south India, by making substantial investments in manufacturing facilities.

READ MORE: Padma Awards 2024 pay tribute to icons in film, entertainment, and sports – THE NEW INDIAN

Last year, Young Liu expressed optimism about India’s potential in the electronics manufacturing sector, citing the country’s favorable reforms and policies. He emphasised that India would emerge as a pivotal player in global manufacturing.

The announcement of Padma awards, among the highest civilian honours in India, coincided with the eve of Republic Day. This year, the President approved 132 Padma awards across various fields such as art, social work, public affairs, science and engineering, trade and industry, medicine, literature and education, sports, and civil service.

Among the recipients is also the 67-year-old Parbati Baruah, affectionately known as ‘Hasti Kanya,’ who has been conferred with the Padma Shri for her groundbreaking efforts in wildlife conservation and overcoming gender stereotypes. She has played a pivotal role in mitigating human-elephant conflicts and assisting in capturing wild tuskers.

Traditionally, the awards are announced annually on Republic Day, with the ceremony taking place at Rashtrapati Bhavan, the official residence of the President.

Also Read Story

Sankalp Patra : PM Modi Vows to Empower Youth, Women, Poor, and Farmers

Iran seizes cargo ship ‘MSC Aries’ with 17 Indian nationals onboard

BJP Unveils ‘Modi Ki Guarantee’ for 2024 Elections: Promises 6G, Free Ration for poor

AAP Pledges full support to India United Front in upcoming elections