Foxconn, a key supplier for Apple, has announced a significant investment of $1.5 billion in its Indian subsidiary, Yuzhan Technology India, located in Tamil Nadu. This move is part of Apple’s broader strategy to diversify its manufacturing operations outside China, aiming to mitigate the impact of U.S. tariffs and potential supply chain disruptions.
The investment will enhance the production of electronic components and the assembly of iPhones in India, further solidifying the country’s position as a vital manufacturing hub for Apple. This development is expected to create numerous job opportunities and boost the local economy, reflecting India’s growing importance in the global tech manufacturing landscape.
