Foxconn invests $2.2 bn in India, US to expand manufacturing
Foxconn will invest over $2.2 billion in India and the US, with $1.49 billion for iPhone production in India and $735 million for server equipment in the US. The move diversifies its supply chain beyond China, boosts Apple’s India output, and aligns with ‘Make in India’ incentives, marking a strategic shift in global electronics manufacturing.