Published 03/03/2023 3:53:04 a.m.

IPhone maker firm plans $700 million plant in India: Report

Summary by Ground News

Apple will manufacture iPhones at a new plant in India, officials said Friday. The U.S. tech giant seeks to ramp up its India production and diversify away from China. The flagship mobile's global supply chain is based mainly in China, where strict Covid policies last year and ongoing diplomatic tensions have hurt production.

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Times of India

Apple partner Foxconn plans $700 million India plant in shift from China

The investment is one of Foxconn’s biggest single outlays to date in India and underscores how China’s at risk of losing its status as the world’s largest producer of consumer electronics.

03/03/2023 4:45:38 a.m.·India

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News18 India

Foxconn Eyes India As It Plans $700 Million Investment In New Plant For iPhone Production

Foxconn Technology Group, a major manufacturer for Apple's iPhone, is reportedly planning to invest up to $700 million to build a new plant in India. This move is seen as an effort to increase production in the country while reducing reliance on facilities in China due to escalating geopolitical tensions between Washington and Beijing.

03/03/2023 6:57:40 a.m.·India

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The Hindu

Foxconn plans new India iPhone plant in shift away from China

Two other Taiwanese suppliers, Wistron and Pegatron, also manufacture and assemble Apple devices in India.

03/03/2023 1:03:31 p.m.·India

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NDTV

iPhone Maker Foxconn Plans $700 Million Plant Near Bengaluru: Report

Apple Inc. partner Foxconn Technology Group plans to invest about $700 million on a new plant in India to ramp up local production, people familiar with the matter said, underscoring an accelerating shift of manufacturing away from China.

03/03/2023 8:21:02 a.m.·New Delhi, India

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Hindustan Times

IPhone maker firm plans $700 million plant in India: Report

Foxconn Unit in India: The company plans to build the plant to make iPhone parts on a 300-acre site close to the airport in Bengaluru.

03/03/2023 9:38:44 a.m.·New Delhi, India

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South China Morning Post

iPhone maker to shift US$700 million plant to India from China

The Taiwanese company – Foxconn Technology Group – plans to build the plant on a 300-acre site close to the airport in Bangalore and is expected to create 100,000 jobs.

03/03/2023 11:00:37 a.m.·Hong Kong

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