Foxconn, Apple’s primary iPhone assembler, has announced a major investment of 1.5 billion dollars into its Indian operations, signaling a deepening commitment to expanding manufacturing outside of China. The move comes as Apple continues to shift a significant portion of its production to India.
According to Bloomberg, the investment will be routed through Foxconn’s Singapore-based entity into Hon Hai Technology India Mega Development, a subsidiary that has been registered in Maharashtra since 2015. While the specific breakdown of how the funds will be used has not been disclosed, industry experts believe the capital will support infrastructure development, possibly including semiconductor facilities.
India has become an increasingly critical part of Apple’s global supply chain. In the fiscal year ending March 2025, Apple produced an estimated 22 billion dollars worth of iPhones in India, underscoring the country’s growing importance in Apple’s manufacturing strategy.
Foxconn is not the only Apple supplier ramping up operations in India. Tata Group recently took over Wistron’s local manufacturing operations and is now managing Pegatron Corporation’s Indian arm. This shift further cements India’s role in the broader Apple ecosystem.
In addition to iPhone assembly, Foxconn is also entering India’s emerging semiconductor sector. In collaboration with HCL Group, the company has announced plans to develop a semiconductor packaging and testing facility. Foxconn will invest 37.2 million dollars to acquire a 40 percent stake in the joint venture.
As Apple diversifies its manufacturing footprint, India is poised to become a central hub in the global electronics supply chain, with Foxconn’s latest investment marking a significant step in that direction.
Discover more from Weekly Voice
Subscribe to get the latest posts sent to your email.
