iPhone supplier Foxconn will build a factory in India, moving away from China: Report
Publishing timestamp: 2023-03-03 14:07:21
Summary
Foxconn, one of Apple's largest suppliers, will invest $700 million to build a new 300-acre plant in Bengaluru, India. The plant will create 100,000 jobs and is part of Foxconn's effort to diversify away from China in the wake of Covid lockdowns and manufacturing slowdowns. India and Vietnam have emerged as top contenders to supplant China's dominance in manufacturing and supply space.
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Keywords: united states, india, hon hai precision industry co ltd, iphone, apple inc, business news, china, technology, breaking news,