Apple's iPhone Shift to India Accelerates With $1.5 Billion Foxconn Investment [Report]

Hon Hai Precision Industry Co., Apple's main iPhone assembler, is funneling an additional $1.5 billion into its Indian operations, reports Bloomberg. This move is another clear signal of Apple's ongoing strategy to diversify production away from China and significantly boost its manufacturing capabilities in India, a trend that has been picking up serious pace.The Taiwan-based company, also known as Foxconn, confirmed the substantial investment in an exchange filing on Monday, stating it was made through its Singaporean subsidiary. Hon Hai has been actively expanding its presence in southern India, constructing new facilities and increasing production capacity. The company did not provide further comment on the investment when approached.This latest funding supports Apple's reported aim to source most iPhones sold in the U.S. from India by late 2026. That production shift caught the attention of U.S. President Donald Trump, who recently said he'd asked Apple CEO Tim Cook to stop building more plants in India and instead focus on U.S. manufacturing.Continue ReadingSpotlight Deal:Sonos Move 2 On Sale for 25% Off [Deal]Share Article:Facebook, Twitter, LinkedIn, Reddit, EmailFollow iClarified:Facebook, Twitter, LinkedIn, Newsletter, App Store, YouTube

May 20, 2025 - 03:10

Apple's iPhone Shift to India Accelerates With $1.5 Billion Foxconn Investment [Report]

Hon Hai Precision Industry Co., Apple's main iPhone assembler, is funneling an additional $1.5 billion into its Indian operations, reports Bloomberg. This move is another clear signal of Apple's ongoing strategy to diversify production away from China and significantly boost its manufacturing capabilities in India, a trend that has been picking up serious pace.

The Taiwan-based company, also known as Foxconn, confirmed the substantial investment in an exchange filing on Monday, stating it was made through its Singaporean subsidiary. Hon Hai has been actively expanding its presence in southern India, constructing new facilities and increasing production capacity. The company did not provide further comment on the investment when approached.

This latest funding supports Apple's reported aim to source most iPhones sold in the U.S. from India by late 2026. That production shift caught the attention of U.S. President Donald Trump, who recently said he'd asked Apple CEO Tim Cook to stop building more plants in India and instead focus on U.S. manufacturing.

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