Foxconn to Invest $1.5B in India
Digest more
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).
Patrick McGee’s “Apple in China” examines the company’s complex relationship with China and the lasting effects of that alliance.
Apple Inc. (NASDAQ:AAPL) announced that the company is now offering additional trade-in discounts for new iPhones in China until June 18, 2025. This initiative aims to stimulate demand in a crucial market where the company has faced increasing competition and declining sales.
Apple looks to India for iPhone production despite Trump's pressure, with analysts citing scale, skilled labor, and cost advantages.
Foxconn is constructing a 300-acre campus in India, including dormitories for 30,000 workers. Despite Donald Trump's suggestion to avoid building in India, Apple plans to manufacture most iPhones for the US market there.
Foxconn, a key manufacturer for Apple, has received an approval from India's cabinet to build a new 37 billion Indian rupees ($435 million) semiconductor
Taiwan's Foxconn is among potential bidders for the Singaporean semiconductor assembly and testing business UTAC Holdings in a deal that could value the company at about $3 billion, two people with knowledge of the matter
1don MSN
In a post on the social media platform X, the former Union minister of state for electronics and IT said that forward-thinking policies like the PLI scheme and sustained efforts by the Indian government are making this possible.