News > Apple Supplier Foxconn To Invest $1 Billion In India
Apple Supplier Foxconn To Invest $1 Billion In India
Daily news updates | 11/07/2020 07:59 PM | Click to read full article
Foxconn plans to invest up to $1 billion to expand a factory in Sriperumbudur, Tamil Nadu where the Taiwanese contract manufacturer assembles Apple iPhones. The move, the scale of which has not previously been reported, is part of a quiet and gradual production shift by Apple away from China as it navigates disruptions from a trade war between Beijing and Washington.
“There’s a strong request from Apple to its clients to move part of the iPhone production out of China.”