Tuesday, May 20, 2025

Apple partner Hon Hai injects $1.5 billion into India unit

Hon Hai Precision Industry Co., Apple's primary iPhone manufacturer, is investing $1.5 billion in its Indian unit, signaling a production shift away from China. This move aligns with Apple's strategy to diversify its manufacturing base amid geopolitical tensions and potential tariffs. The majority of iPhones made in India are assembled at Hon Hai's southern India factory.

from Tech-Economic Times https://ift.tt/qCIoAEY

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