Apple Expands Indian Supply Chain with $1.5 Billion Foxconn Investment

Tech Goliath Bolsters Local Manufacturing in Face of Global Shifts

 

Foxconn, Apple's core manufacturing partner, has pledged $1.5 billion to increase its operations in India, cementing the nation's position as a top center for iPhone manufacturing. The investment, channeled through Foxconn's Singapore unit, will be utilized to ramp up manufacturing facilities and enhance local supply chain capabilities.

 

Main Points:

 

Significant Investment: Foxconn is investing $1.5 billion in its Indian subsidiary, Yuzhan Technology India, that produces iPhone parts in Tamil Nadu.

 

Expansion in Production: The company plans to expand iPhone production, producing 25–30 million units by 2025.

 

Increase in Workforce: Foxconn is building dormitories for 30,000 workers with a priority given to women employees who will constitute 50–80% of the workforce.

 

Semiconductor Drive: India has six semiconductor projects in the pipeline, including a ₹3,700 crore unit in the vicinity of Noida, in collaboration with HCL Group.

 

Apple's Move Away from China: Apple is cutting its dependence on Chinese manufacturing, with CEO Tim Cook declaring that most iPhones sold in the U.S. will shortly be produced in India.

 

Geopolitical Tensions: Donald Trump, the ex-US President, has called for Apple to stop expansion in India, but the firm is staying firm on its India-first strategy.

 

Apple's fast-paced expansion in India is a pointer to the increasing relevance of the country as a production hub for electronics on the global stage. With Foxconn's recent investment, India is set to play an influential role in Apple's supply chain, fueling economic development and innovation.

 

Source: MSN, The Hans India, Business Standard