Foxconn to Invest $1.5Bn in India Unit as Apple Expands Manufacturing Base

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 …

Dutch chipmaker NXP eyes new unit in Greater Noida under $1 billion expansion plan

Sievers met with the UP chief minister during the Semicon event and later followed up with discussions in October 2024, signalling a strong intent to deepen the company's footprint in India.

Apple defies Trump to expand India manufacturing

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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.