iPhone Maker Foxconn to Invest $1.5 Billion in India as It Looks Beyond China

File image of a Foxconn worker in Shenzhen, China where the Taiwan contractor manufacturer employs tens of thousands of workers to build electronics for major international brands, including Apple. STR / AFP

As it looks to build beyond China, Foxconn Technology will invest more than $1.5 billion in an Indian construction project to fulfill “operational needs,” the Apple supplier said Monday.

Foxconn, based in Taiwan, has significant operations in mainland China. Foxconn’s factories are a critical part of Apple’s iPhone manufacturing and were hit hard when Chinese Covid lockdowns slowed production in 2022. (CNBC)

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by Han Zhen

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