India, Foxconn and iPhone
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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.
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.
This initiative aims to stimulate demand in a crucial market where the company has faced increasing competition and declining sales. Apple has increased the trade-in value for old iPhones.
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.
Apple’s key manufacturing partner, Foxconn, is deepening its footprint in India with a sprawling new 300-acre production campus near Bengaluru.
Apple supplier Foxconn has invested $1.48 billion in its Indian unit, Yuzhan Technology, to boost iPhone production. This move aligns with Apple's strategy to source more iPhones from India for the U.
1don MSN
Foxconn’s upcoming facility is fueling demand for real estate in Bengaluru’s Devanahalli area, driven by rising employment opportunities and infra development