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News

Foxconn to Invest $1.5B in India

Reuters on MSN · 3d
Apple supplier Foxconn to invest $1.5 billion in India unit
Apple supplier Foxconn will invest 1.5 billion rupees in its India unit, the company said in a filing, as the iPhone maker shifts more manufacturing out of tariff-hit China. Foxconn's Singapore-based subsidiary will buy 12.
Financial Times · 20h
Apple set to expand India supply chain through $1.5bn Foxconn plant
India has also become the world’s second-largest smartphone market after China, measured by volume. The production increase by Apple’s suppliers Foxconn and Tata Electronics in southern India has been the biggest success of Modi’s “Make in India” drive to create more manufacturing jobs in the world’s most populous country.
Insider Monkey on MSN · 2d
Apple’s India Push Receives a Boost on Foxconn’s $1.5B Investment
Apple Inc.’s (NASDAQ:AAPL) plans to reduce reliance on China’s iPhone manufacturing capacity have received a significant boost. On May 20, the company’s supplier Foxconn announced plans to invest $1.5 billion in an Indian Unit.
5h
Why Is Apple Stock Sliding On Friday?
Apple stock falls after Trump threatens tariffs on iPhones made outside US. Company aims to shift production to India amid US-China tensions.
6hon MSN
Apple Stock Falls After Trump Threatens Tariffs on Foreign-Made iPhones
Apple shares were dropping on Friday after President Donald Trump threatened a 25% tariff on its iPhones sold in the U.S.

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