by Sami Fathi
Foxconn, Apple's biggest supplier, has invested $500 million in India to bolster its manufacturing capacity in the country as the Cupertino-based tech giant and partners ramp up supply chain diversification efforts, South China Morning Posts reported.
The report cites documents filed with the Taiwan Stock Exchange that show Foxconn has invested $500 million in its Indian subsidiary in hopes of increasing its manufacturing capacity in India. Foxconn is already present in the country, making selected iPhone models, including the iPhone 14, and is reportedly planning to make other products such as the iPad.
The Wall Street Journal reported last week that Apple is making more aggressive plans to move its supply chain exclusively from China to other countries such as India and Vietnam. Apple warned last month that shipments of iPhone 14 Pro models would be severely limited due to ongoing outages with Foxconn iPhone factories in China.
Apple iPhone models are still very limited: the company's online store expects customers looking for the latest iPhone to wait three weeks. Apple CEO Tim Cook said during the latest teleconference that the company is “working hard” to meet demand for the iPhone 14 Pro and iPhone 14 Pro Max.
Tags: Foxconn, India[ 0 comments ]
