Foxconn's India Infusion: $1.5 Billion for iPhones

Foxconn has invested USD 1.5 billion into its India operations via its Singapore-based subsidiary, marking a significant step in expanding iPhone production in the country.

This move aligns with Apple’s broader strategy to diversify its supply chain. Karnataka Minister MB Patil recently stated that Foxconn’s new facility near Bengaluru is nearly complete and expected to begin exporting iPhones to the U.S. starting in June.

The development is a major milestone for Karnataka, strengthening its position in global tech manufacturing and attracting increased foreign investment. Foxconn’s growing presence highlights India’s expanding role in the global electronics supply chain and supports Apple’s efforts to reduce reliance on any single country for production.

News by Rahul Yelligetti.