Foxconn to Expand India Focus With $1.5 Billion Investment

File image of a Foxconn factory in China. (Photo by CFOTO / NurPhoto / NurPhoto via AFP)

Key iPhone maker Foxconn is making a $1.5 billion investment to expand its focus on India as Apple looks to mitigate geopolitical and tariff risks by shifting production away from China.

The Taiwanese tech giant said its Singapore-based subsidiary had picked up 12.7 billion shares in its India unit, resulting in an injection of about $1.5 billion.

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by Agence France-Presse

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