iphone 14 india – pressnews

iPhone India factory: Foxconn unit invests $500 mn in India affiliate

9Dec

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Technology

iPhone India factory: Foxconn unit invests $500 mn in India affiliate

[ad_1] Taiwan's Foxconn said that its Singapore unit has acquired 4.08 mn shares in Foxconn Hon Hai Technology India Mega Development. Taiwan's Foxconn, the world's largest contract electronics maker, said on Thursday that its Singapore unit has acquired 4.08 million shares in Foxconn Hon Hai Technology India Mega Development Private Limited for $500 million. The announcement of a $500 million injection into its India unit comes after Reuters reported last month that Apple supplier Foxconn plans to quadruple the workforce at its iPhone factory in India over two years, with two government officials with knowledge of the matter pointing to a production adjustment as it faces disruptions in China. Foxconn plans to boost the workforce at its plant in southern India to 70,000 by addin...

Massive Move! India wins big in Apple race against China on iPhone 14, more

[ad_1] Apple will be diversifying its production out of China and begin manufacturing iPhone 14 in India. Analyst Ming-Chi Kuo reveals important details. Last month, Apple made a major announcement when it revealed that it will be beginning some of its iPhone 14 manufacturing in India. This move will facilitate the iPhone makers' diversification of the supply chain outside of China. It is believed that this strategy was leveraged in the light of rising geopolitical tension between the US and China. India will be one of the prime beneficiaries of this move alongside Thailand which is expected to get some of the assembly line for MacBooks.As a direct effect of this move, The Foxconn unit in Chennai has begun assembling iPhone 14 series smartphones as of last month. The smartphones are f...

Chinese newspaper questions legal policies, infrastructure for “made-in-India” Apple iPhones

[ad_1] A Chinese newspaper has questioned Apple’s decision to move its manufacturing outside China. China and the US haven't been at good relations, the effects of which seeps down to business. One such effect has been observed on Apple's iPhone manufacturing, the majority of which happens in China. With Apple now deciding to move its iPhone production out of China and bring it to countries like India, a Chinese daily newspaper has commented on the challenges the Cupertino firm will face. The newspaper even goes on to question the Indian policy as well as the legal system posing challenges for manufacturing.A story from People's Daily talks about Apple's decision to move production of the iPhone from China to Brazil, India an...