🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥

Startup Showcase

Premium Content

Try our Valuation Calculator →

News on Medial

iPhone maker Foxconn plans to expand footprint in India with $1.6 bn investment

Livemint

Livemint · 1y ago

iPhone maker Foxconn plans to expand footprint in India with $1.6 bn investment

iPhone manufacturer Hon Hai Precision Industry Co., also known as Foxconn, has announced plans to invest $1.6 billion in new construction projects in India, as part of its expansion in the country. The details of the investment and the specific location and nature of the facilities have not been disclosed. This move comes as Taiwanese electronics manufacturers, including Foxconn, seek to diversify their businesses outside of China due to rising tensions between the US and China. Foxconn already operates numerous production campuses and factories in India, generating around $10 billion in revenue annually.

Related News

Foxconn plans to invest ₹424 crore in semiconductor JV with HCL | Mint

Livemint

Livemint · 11m ago

Foxconn plans to invest ₹424 crore in semiconductor JV with HCL | Mint

- Foxconn plans to invest up to ₹424 crore in a semiconductor joint venture (JV) with HCL Group. - The iPhone manufacturer purchased a 40% stake in the JV for nearly ₹312 crore. - The investment will be used for the Foxconn-HCL OSAT plant to be set up in India. - Foxconn has invested ₹246 crore in the JV through its subsidiary Big Innovation Holdings. - The company has invested more than $1.4 billion in India and employs over 48,000 people in the country. - Foxconn is manufacturing Apple iPhones in India and has plans to set up an EV and battery plant in the country.

AI demand expected to boost electronics giant Foxconn's second-quarter profit - The Economic Times

Economic Times

Economic Times · 14d ago

AI demand expected to boost electronics giant Foxconn's second-quarter profit - The Economic Times

Taiwan's Foxconn, the world's largest contract electronics maker, is expected to report an 11% rise in second-quarter profits due to strong demand for AI servers. Foxconn's expansion into electric vehicles and data centers marks a shift beyond its traditional role as an iPhone assembler. Despite geopolitical challenges, including trade tensions and exchange rate impacts, Foxconn's shares rose by 7.9% in 2023, with the company focusing on broadening its manufacturing footprint globally.

Chinese techies return not to impact iPhone 17 production, Apple's ramp-up plan intact: Sources - The Economic Times

Economic Times

Economic Times · 1m ago

Chinese techies return not to impact iPhone 17 production, Apple's ramp-up plan intact: Sources - The Economic Times

The return of Chinese professionals from Apple's Indian vendor Foxconn is not expected to impact iPhone 17 production, as Apple remains on track to expand production in India. Supported by easing capital goods imports and capacity expansion through Foxconn and Tata, Apple aims to significantly increase iPhone production. Indian-made iPhones now dominate US shipments, with plans to further ramp up production to meet demand. Apple's Indian manufacturing ecosystem is a significant job creator.

Taiwan's Foxconn says global manufacturing footprint to shield it from Trump's tariffs

Economic Times

Economic Times · 9m ago

Taiwan's Foxconn says global manufacturing footprint to shield it from Trump's tariffs

Taiwan's Foxconn, the world's largest contract electronics maker and a key supplier to Apple, believes it will be less impacted by new tariffs imposed by US President-elect Donald Trump compared to its competitors. Foxconn's global manufacturing footprint allows it to shift production locations, minimizing the impact of tariffs. While its facilities in China may face challenges, the company has been investing in other countries such as the United States, Mexico, and Vietnam to diversify its supply chain. Foxconn plans to reveal more details about its US expansion plans once Trump's policies become clearer.

Foxconn pumps $1.48 billion into Tamil Nadu arm amid Apple’s India push

YourStory

YourStory · 3m ago

Foxconn pumps $1.48 billion into Tamil Nadu arm amid Apple’s India push

Foxconn invested $1.48 billion in its Tamil Nadu unit, Yuzhan Technology (India) Private Limited, through its Singapore arm. This substantial investment aligns with Apple's strategy to increase iPhone production in India, as the company plans to source most iPhones sold in the US from India. Foxconn's revenue in India more than doubled to over $20 billion in the financial year 2024-25 due to higher iPhone production, contributing significantly to India's record mobile phone export figures.

Foxconn looks to set up new Tamil Nadu unit to make iPhone enclosures

Economic Times

Economic Times · 2m ago

Foxconn looks to set up new Tamil Nadu unit to make iPhone enclosures

Foxconn plans to manufacture iPhone enclosures in India by setting up a new unit in Tamil Nadu's ESR Industrial Park, marking its entry into local enclosure production. The move aligns with Apple's strategy to diversify its supply chain and increase its manufacturing presence in India. Foxconn aims to boost production capabilities and geographic presence, with plans for new facilities in Bengaluru and Hyderabad. This expansion supports Apple's vision of making India a key manufacturing hub.

Foxconn buys equipment worth Rs 267 crore for India factory to locally make iPhone 16 Pro series

Economic Times

Economic Times · 10m ago

Foxconn buys equipment worth Rs 267 crore for India factory to locally make iPhone 16 Pro series

Taiwanese electronics manufacturer Foxconn has purchased equipment worth $31.8 million for its factory in India, signaling its preparation to manufacture the iPhone 16 Pro series in the country. This marks the first time that Apple's high-end iPhone Pro series will be manufactured outside of China. Foxconn's subsidiary, Foxconn Hon Hai Technology India Mega Development Private Limited, acquired the machinery equipment from Apple Operations Limited. The procurement is aimed at increasing production capacity at Foxconn's Tamil Nadu unit for the manufacturing of the iPhone 16 Pro series. Apple plans to release the "Made in India" iPhone models later this month or early November.

Apple Investment Plans in India Intact, Proposes India to be Major Manufacturing Base: Source

OutlookIndia

OutlookIndia · 3m ago

Apple Investment Plans in India Intact, Proposes India to be Major Manufacturing Base: Source

Apple plans to maintain India as a key manufacturing hub, despite remarks from U.S. President Trump favoring increased production in the U.S. Apple executives assured Indian officials that their investment strategies remain unchanged. Foxconn, a major Apple supplier, has commenced manufacturing Apple AirPods in Telangana for export, demonstrating ongoing commitment. India contributes significantly to global iPhone manufacturing, with 15% of output, and supports a large job market through Apple's ecosystem.

'Negligible impact': Apple analyst Kuo sees no upheaval from Foxconn recalling Chinese staff - The Economic Times

Economic Times

Economic Times · 1m ago

'Negligible impact': Apple analyst Kuo sees no upheaval from Foxconn recalling Chinese staff - The Economic Times

Apple analyst Ming-Chi Kuo reports that Foxconn's recent removal of Chinese employees from its India iPhone plant will have minimal impact. Foxconn is increasing its iPhone production in India, having invested $2.56 billion in the Devanahalli plant, aiming to produce 100,000 iPhones by December. Foxconn is also setting up a new unit in Tamil Nadu for iPhone enclosures. The company's expansion in India continues despite U.S. tariff threats over iPhone production.

Apple's Bold Move Doubling iPhone Production in India to Embrace a Growing Manufacturing Hub

Business Bytes

Business Bytes · 1y ago

Apple's Bold Move Doubling iPhone Production in India to Embrace a Growing Manufacturing Hub

Apple plans to double its iPhone production in India by 2024, according to analyst Ming-Chi Kuo. India has been actively attracting tech manufacturing investments, offering incentives and reducing barriers. Foxconn, a key manufacturing partner, holds a significant share of iPhone production capacity in India, allowing for diversification and reduced dependency on China. Luxshare, a supplier initially focused on iPhone cables, is expanding its iPhone production in India. Apple's move aligns with India's "Make in India" initiative and demonstrates its commitment to tapping into the Indian market's potential and leveraging India's growing manufacturing reputation.

Trackers

Active Indian VC’s

OG Capital Email

With a hands-on approach, OG Capital aims to invest in over 20 promising...

Accel Partners Email

Early and growth-stage investments in disruptive technology companies with...

Early-stage venture capital firm investing in technology startups in India. Focus on...

Access All Trackers

Startup Showcase Winners

June 2025

Helping your parents when you are miles away

The Pit Stop Your Cravings Deserve

The next generation E-commerce platform

Enter Ongoing Startup Showcase

Top Users

Trending News on Medial

Just Months After Promotion, Open ...

Exclusive: Robotics startup Miko ...

“Your Phone Is Outdated”: Sam Alt ...

Download the medial app to read full posts, comements and news.