Archive · 26 Jun 2025
Foxconn Gets Approval for $2.2B Investment in India and US
Foxconn, the company that makes iPhones, got approval to invest over $2.2 billion.
Most of this money will go to India to increase iPhone production.
Foxconn wants to make more iPhones in India to move away from relying so much on China.
The Indian government is also giving more money to encourage manufacturing in the country through a program called PLI.
Foxconn secured regulatory approval for over $2.2 billion in investments.
$1.49 billion will be invested in Yuzhan Technology (India) Pvt Ltd.
The investment aims to boost iPhone production in India.
Foxconn aims to produce 25-30 million iPhones in India this year.
The Indian government increased PLI scheme allocations for key sectors.
- Who
- Foxconn
- What
- Foxconn received approval for over $2.2 billion in investments.
- When
- Published on June 26, 2025
- Where
- India and the US
- Why
- To increase iPhone production and diversify its manufacturing base.
- Total Investment
- $2.2 billion
- Investment in India
- $1.49 billion
- Company
- Foxconn
- Subsidiary
- Foxconn Singapore Pte Ltd
- Main product
- iPhones
- Production Goal
- 25-30 million iPhones in India
