Foxconn to Invest $1.5B in India
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Foxconn invests $1.5B to expand iPhone production in India, adding dorms for 30,000 workers, aiming to make 25M–30M iPhones in 2025 despite U.S. pushback.
Apple shares were dropping on Friday after President Donald Trump threatened a 25% tariff on its iPhones sold in the U.S. unless they are made stateside.
Apple is moving ahead with a $1.5 billion Foxconn investment to expand iPhone production in India, despite Trump's appeal.