US EditionFoxconn to Invest $1.5Bn in India Unit as Apple Expands Manufacturing Base
- Foxconn announced a $1.5 billion investment through its Singapore subsidiary to expand its India operations in Tamil Nadu in May 2025.
- This investment aligns with Apple’s efforts to lessen dependence on China in response to tariffs, geopolitical challenges, and ongoing interruptions in international supply chains.
- Foxconn will buy shares in Yuzhan Technology India, which assembles iPhones, supported by India's Production Linked Incentive scheme to boost local manufacturing.
- In March 2025, Apple exported about 600 tonnes of iPhones worth $2 billion from India to the US, reflecting increased production capacity there.
- The investment strengthens India's role as a key manufacturing hub for Apple, while Foxconn maintains its business model and continues other global expansions.
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47 Articles
Despite Trump's Warning To Tim Cook, Apple Moves Ahead With $1.5 Billion India Expansion Via Foxconn To Boost iPhone Production: Report - Hon Hai Precision (OTC:HNHAF)
Apple Inc. (NASDAQ:AAPL) is reportedly pushing forward with a major supply chain expansion in India through its top manufacturing partner, Foxconn, also known as Hon Hai Precision Industry Co. Ltd. (OTC:HNHAF). What Happened: Foxconn plans to invest $1.5 billion in a new display module plant near Chennai, India, reported the Financial Times, citing two government officials. The facility will assemble screen components for iPhones, including the …
Apple wants to shift large parts of its smartphone's production from China to the subcontinent. Donald Trump, of all people, is annoyed.
Apple traditionally relies heavily on Chinese factories in the production of its products. However, the Californian tech giant is now planning to significantly expand its production in India.
India has taken a big step towards becoming self-reliant in the technological sector. The foundation of a semiconductor plant is being laid in Jewar, Uttar Pradesh, which is considered to be the beginning of India's semiconductor revolution. This is not just a factory, but the foundation of India's technological future.
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