Apple supplier Foxconn is pressing ahead with its massive expansion in India, investing $1.5 billion in its local operations and constructing dormitories for 30,000 workers, even as US President Donald Trump publicly urged the company to stop manufacturing iPhones in the country.
The Taiwanese contract manufacturer's Singapore-based subsidiary will purchase 12.77 billion shares worth $1.5 billion in Yuzhan Technology India, according to a London Stock Exchange filing reported by Reuters. This comes alongside Foxconn's ongoing $2.56 billion investment in its sprawling 300-acre Devanahalli plant in Karnataka, as detailed by The Economic Times.
Trump revealed during a business event in Qatar that he had confronted Apple CEO Tim Cook about the company's India operations. "I had a little problem with Tim Cook yesterday. I said to him... I don't want you building in India," Trump stated, adding that Apple would be "upping their production in the United States" instead.
Apple stands firm on India commitment
Despite Trump's public criticism, Apple has reassured the Indian government that there will be "no change" in its investment plans for the country, government sources told CNBC-TV18. The tech giant remains committed to using India as a major manufacturing hub, with Cook previously stating that most iPhones sold in the US will be made in India rather than China.
At Foxconn's Devanahalli facility, construction of dormitories capable of housing 30,000 employees continues at full pace, making it the single largest such facility in India, ET reported. Women workers, who comprise 50-80% of the workforce, will receive preference for housing. The company has already begun assembling some iPhone variants in May, with additional models starting production in August.
The made in India iPhone surge continues
Apple manufactured approximately $22 billion worth of iPhones in India in the year ending March 2025, representing a 60% increase from the previous year. Currently, one in five iPhones worldwide are made in India, reflecting the company's strategy to diversify production away from China amid ongoing trade tensions.
Foxconn plans to produce 25-30 million iPhones at its India plants in 2025, more than doubling last year's output, according to ET. The company operates facilities across Tamil Nadu, Karnataka, and Telangana, with the Devanahalli plant expected to manufacture 100,000 iPhones by December.
The Taiwanese contract manufacturer's Singapore-based subsidiary will purchase 12.77 billion shares worth $1.5 billion in Yuzhan Technology India, according to a London Stock Exchange filing reported by Reuters. This comes alongside Foxconn's ongoing $2.56 billion investment in its sprawling 300-acre Devanahalli plant in Karnataka, as detailed by The Economic Times.
Trump revealed during a business event in Qatar that he had confronted Apple CEO Tim Cook about the company's India operations. "I had a little problem with Tim Cook yesterday. I said to him... I don't want you building in India," Trump stated, adding that Apple would be "upping their production in the United States" instead.
Apple stands firm on India commitment
Despite Trump's public criticism, Apple has reassured the Indian government that there will be "no change" in its investment plans for the country, government sources told CNBC-TV18. The tech giant remains committed to using India as a major manufacturing hub, with Cook previously stating that most iPhones sold in the US will be made in India rather than China.
At Foxconn's Devanahalli facility, construction of dormitories capable of housing 30,000 employees continues at full pace, making it the single largest such facility in India, ET reported. Women workers, who comprise 50-80% of the workforce, will receive preference for housing. The company has already begun assembling some iPhone variants in May, with additional models starting production in August.
The made in India iPhone surge continues
Apple manufactured approximately $22 billion worth of iPhones in India in the year ending March 2025, representing a 60% increase from the previous year. Currently, one in five iPhones worldwide are made in India, reflecting the company's strategy to diversify production away from China amid ongoing trade tensions.
Foxconn plans to produce 25-30 million iPhones at its India plants in 2025, more than doubling last year's output, according to ET. The company operates facilities across Tamil Nadu, Karnataka, and Telangana, with the Devanahalli plant expected to manufacture 100,000 iPhones by December.
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