iPhone assembler Foxconn allegedly plans $1 billion investment into plant in India

Foxconn factory at Czech Republic Credit: Nadkachna (Creative Commons Attribution ShareAlike 3.0)

The Taiwanese hardware and technology company Foxconn allegedly plans to invest up to $1 billion in India. The goal is to expand an existing factory southeastern India near Chennai where the company assembles iPhones for Apple.

According to a source published by the news agency Reuters "There’s a strong request from Apple to its clients to move part of the iPhone production out of China". Neither Foxconn nor Apple have commented on the news.

Sources: Content Sources

Source: indiatimes.com

Source: swarajyamag.com

Image Source

Nadkachna (Creative Commons Attribution ShareAlike 3.0)

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