Apple iPhone maker Foxconn to invest $1.5 billion in India as it looks to build beyond China
Publishing timestamp: 2023-11-27 11:29:42
Summary
Foxconn, a major Apple supplier, plans to invest over $1.5 billion in India for an unspecified building project to meet its operational needs. This investment is made through its subsidiary, Hon Hai Technology India Mega Development. Foxconn already has several projects in progress in India and this new investment comes after the company pulled out of a chipmaking joint venture in India.
Sentiment: NEUTRAL
Keywords: apple inc, technology, breaking news: technology, business news, hon hai precision industry co ltd, india, breaking news,