Foxconn will manufacture the new iPhones in India
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Relations between the United States and India are not at their best in light of the ongoing trade war in both countries. There has been a lot of talk about Apple moving its production to countries outside of China. Finally a new Reuters report confirmed that the most expensive iPhone range will soon be assembled at Foxconn's manufacturing facility in India.
The new high-end iPhones will be manufactured at Foxconn's facilities in India
This deal reportedly involves the manufacture of a limited selection of Apple products, specifically high-end models such as the iPhone X series. This is big business for the world's largest electronics producer, having never done business for high-end iPhones in India before. Located in the Tamil city of Sriperumbudur, the factory will serve as an excellent stimulant for the country's economy.
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It will also create employment opportunities for around 25, 000 people. To facilitate the deal, Foxconn plans to expand its Indian plant financed by a heavy investment of $ 356 million. Apple has yet to reveal any information on Foxconn's move, including details confirming whether the Indian factory will focus solely on iPhone assembly or component manufacturing.
Apple has been in a delicate position since the President of the United States, Donald Trump, announced plans to increase import tariffs from China. Expanding iPhone manufacturing in India through Foxconn will allow Apple to hedge the risk of any new US trade policy. USA Perhaps this deal will provide a cost-effective solution to Apple's production-related hurdle.
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