Apple to invest $1 billion in India to ramp up production

    What you need to know

    • Apple is planning to invest $1 billion in India to ramp up production
    • Foxconn and other suppliers are partnering with Apple on the investment
    • The move comes as Apple plans to export “Made In India” products globally

    “Made in India” iPhones are on the horizon.

    Apple is working with Foxconn and suppliers to invest another $1 billion in India, according to the Times of India. An unnamed official spoke with the Times about how the investment will be used by Apple and its partners, saying that “testing is under way” for the products being made at the factories:

    “Apple will be investing $1 billion in India through its partners. They have said the production will be used for meeting the demand of its products across global markets.”

    The move comes as Apple is planning on exporting its “Made In India” iPhones and other products globally. The company had already begun limited local production of certain models at a different partner factory in Bangalore, but Foxconn seems to be taking on the new expansion:

    Foxconn, Taiwan’s contract manufacturing behemoth and the biggest production partner for Apple globally, will be investment partner for the iPhone maker’s latest push. Its factory in Chennai will be used to manufacture products for Apple’s global markets. Also, a host of component suppliers to the company will be making investments in the region for the local push.

    According to 9to5Mac, Apple has been planning on moving up to 30% of its device production out of China over the next few years as the company seeks to protect its supply chain and diversify its production process. As the trade war with the country continues, this new report shows that those plans continue to gain momentum.

    Recent Articles

    In TikTok protest, witches cast spells to hex cops

    Under the light of this week's full moon, a group of witches of TikTok — or WitchTok, if you will — are casting protection...

    Here are the most popular villagers in Animal Crossing: New Horizons

    Though many villagers are loved, some are more popular than others. There are over 390 different villagers in Animal Crossing: New Horizons, and each one...

    Apple Watch ECG app likely coming to Brazil and Japan next

    Apple launched watchOS 6.2.5 to the public last month, which enabled the ECG app for Apple Watch users in Saudi Arabia. And now Apple...

    7 Things to Know About the iPhone SE 2 iOS 13.5.1 Update

    7 Things to Know About the iPhone SE 2 iOS 13.5.1 Update is a post by Adam Mills from Gotta Be Mobile. While many new...

    Why Reddit Co-Founder Alexis Ohanian Stepped Down From The Board and What Colin Kaepernick Has to Do With It

    Reddit Co-founder Alexis Ohanian announced Friday he's stepping down from his seat on the Reddit board. He issued a video statement on his social...

    Latest Stories

    Stay on op - Ge the daily news in your inbox

    Do NOT follow this link or you will be banned from the site!
    Translate »