Archive · 2 Jun 2025
Foxconn Invests $1.48 Billion in India's iPhone Production
Foxconn, an Apple supplier, invested $1.48 billion in its Indian unit.
This investment will enhance iPhone production in India.
Apple plans to source most US iPhones from India by the June quarter.
Foxconn's revenue in India is expected to exceed $20 billion.
India currently produces about 15% of the global iPhone output.
This growth follows Apple's move to increase manufacturing in India, shifting focus from China, due to tariff concerns.
Mobile phone exports from India have reached a record high, with iPhone exports contributing significantly.
Foxconn invested $1.48 billion in its Indian unit, Yuzhan Technology.
The investment was made through Foxconn's Singapore-based arm.
Apple plans to increase iPhone production in India.
Foxconn's India revenue is expected to double to over $20 billion.
Mobile phone exports from India have hit a record high.
- Who
- Foxconn and Apple
- What
- Foxconn invested $1.48 billion in its India unit.
- When
- Recent, within the last five days
- Where
- India (Tamil Nadu)
- Why
- To enhance iPhone production in India and diversify manufacturing.
- Investment Amount
- $1.48 billion
- Investor
- Foxconn
- Recipient
- Yuzhan Technology (India) Private Limited
- Location
- India (Tamil Nadu)
- Investment in Rupees
- Rs 12,800 crore
- Investment Vehicle
- Singapore-based arm
Sources
Apple Vendor Foxconn pumps $1.48 billion into Tamil Nadu unit
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Apple supplier Foxconn to invest $1.5 billion in India unit
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