iPhone, India and Trump
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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).
Despite Trump's preference for US-based manufacturing, Apple is moving forward with iPhone production in India. Foxconn is investing $2.56 billion in its Devanahalli plant, aiming to produce 100,000 iPhones by December.
23hon MSN
Foxconn’s upcoming facility is fueling demand for real estate in Bengaluru’s Devanahalli area, driven by rising employment opportunities and infra development
Apple's iPhone supply chain shifts further from China to Chennai The Fruity Cargo Cult Apple is moving more of its iPhone supply chain into India, with its long-time partner Foxconn dropping $1.5 billion on a new display module plant near Chennai.
Apple supplier Foxconn will invest $1.5 billion in its India unit, the company said in a filing, as the iPhone maker shifts more manufacturing out of tariff-hit China.
Ahead of head of iPhone 17 launch, Apple supplier Foxconn's chairman, Young Liu, cautioned that advancements in generative AI and robotics could soon eliminate the need for low-cost human workers.