Foxconn tipped for $500M India parts factory move - Mobile World Live

Foxconn tipped for $500M India parts factory move

01 AUG 2023
A Foxconn trade event stand featuring its name in blue

Foxconn plotted to up its investments in India as it shifts work out of China, with Bloomberg reporting the company will spend an additional $500 million on two component factories in the state of Karnataka.

Bloomberg stated one plant is likely to make components for iPhones.

In early June, Reuters reported Foxconn unveiled plans to build a $700 million iPhone assembly plant in Bengaluru, the state capital of Karnataka.

Foxconn’s shifts out of China goes beyond India: in June, chair Young Liu said it is targeting additional investment in Vietnam and Mexico to diversify its supply chain.

It received clearance from Vietnam authorities to invest $246 million in factories to assemble telecoms and vehicle equipment.



Joseph Waring

Joseph Waring joins Mobile World Live as the Asia editor for its new Asia channel. Before joining the GSMA, Joseph was group editor for Telecom Asia for more than ten years. In addition to writing features, news and blogs, he...

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