Reported about 12 hours ago
Foxconn, a key supplier for Apple, has announced a $1.5 billion investment in its India unit as part of the company's strategy to move manufacturing out of China due to ongoing tariffs. The investment will support Yuzhan Technology India, which produces electronic components and assembles iPhones in Tamil Nadu. This move aligns with Apple's efforts to diversify its manufacturing capabilities and reduce reliance on Chinese production.
Source: YAHOO