Apple iPhone maker Foxconn to invest $1.5 billion in India as it looks to build beyond China
- Foxconn Technology's subsidiary, Hon Hai Technology India Mega Development, will invest over $1.5 billion in an Indian construction project to fulfill operational needs.
- The investment comes after Foxconn pulled out of a $19.5 billion chipmaking joint venture in India, remaining confident about India's semiconductor industry ambitions.
- Foxconn's factories in China, vital to Apple's iPhone production, were affected by Covid-19 lockdowns, urging suppliers like Foxconn to reassess their concentrated presence in China.
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Coverage Details
Total News Sources0
Leaning Left4Leaning Right5Center5Last UpdatedBias Distribution36% Center, 36% Right
Bias Distribution
- 36% of the sources are Center, 36% of the sources lean Right
36% Right
L 29%
C 35%
R 36%
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