Foxconn, a major Apple assembler, will invest $1.5 billion in its India unit to expand iPhone manufacturing outside U.S.

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	Forwarded this email? Subscribe here for more Apple assembler Foxconn to invest $1.5 billion in India MacDailyNews May 20   READ IN APP   The logo of electronics contract manufacturer Foxconn Technology Group, formally known as Hon Hai Precision Industry, is displayed at its headquarters in Taipei. Photo: Agence France-Presse Foxconn, a major Apple assembler, will invest $1.5 billion in its India unit to expand iPhone manufacturing outside U.S. tariff-impacted China, the company announced in a filing. Its Singapore subsidiary will purchase 12.77 billion shares at 10 rupees each, totaling 127.74 billion rupees ($1.50 billion) in Yuzhan Technology India, per the London Stock Exchange filing. Reuters: ‎ Yuzhan Technology India, Foxconn’s unit in Tamil Nadu, manufactures electronic components and also assembles Apple’s iPhones. Apple is positioning India as an alternative manufacturing base amid U.S. President Donald Trump’s tariffs on China, which have raised supply chain concerns and fears of higher iPhone prices, Reuters reported last month. ‎ MacDailyNews Take: Too much production centered in China is a glaring risk that is finally, belated being meaningfully mitigated. ‎ Please help support MacDailyNews — and enjoy subscriber-only articles, comments, chat, and more — by subscribing to our Substack: macdailynews.substack.com. Thank you! Support MacDailyNews at no extra cost to you by using this link to shop at Amazon. The post Apple assembler Foxconn to invest $1.5 billion in India appeared first on MacDailyNews. You're currently a free subscriber to MacDailyNews. For the full experience, upgrade your subscription. Upgrade to paid   Like Comment Restack   © 2025 MacDailyNews 548 Market Street PMB 72296, San Francisco, CA 94104 Unsubscribe