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Apple supplier Foxconn to invest $1.5 billion in India unit
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Apple supplier Foxconn to invest $1.5 billion in India unit
May 26, 2025 10:37 AM

May 20 (Reuters) - Apple ( AAPL ) supplier Foxconn will

invest 1.5 billion rupees in its India unit, the company said in

a filing, as the iPhone maker shifts more manufacturing out of

tariff-hit China.

Foxconn's Singapore-based subsidiary will buy 12.77 billion

shares worth 10 rupees apiece, amounting to 127.74 billion

rupees ($1.50 billion) in Yuzhan Technology India, according to

the London Stock Exchange filing.

Yuzhan Technology India, Foxconn's unit in Tamil Nadu,

manufactures electronic components and also assembles Apple's ( AAPL )

iPhones.

Apple ( AAPL ) is positioning India as an alternative manufacturing

base amid U.S. President Donald Trump's tariffs on China, which

have raised supply chain concerns and fears of higher iPhone

prices, Reuters reported last month.

In March, Apple ( AAPL ) ramped up India production, exporting around

600 tons of iPhones worth $2 billion to the U.S.

($1 = 85.4420 Indian rupees)

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