Foxconn is reportedly planning to invest $1 billion in an iPhone factory in India, as Apple continues to shift production away from China due to trade tensions.
Apple’s determination to move production away from China continues as Taiwan-based supplier Foxconn is reportedly planning a significant investment in an iPhone assembly factory in southern India.
The investment is said to be worth up to $1 billion, Reuters reported, citing two unnamed sources with knowledge of the matter. It is part of Apple’s shifting of production from China to other countries, due to the trade tension between Washington, D. C. and Beijing, and the COVID-19 pandemic.
