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Market Chatter: Apple Supplier Foxconn Moving Ahead With New Plant in India, Officials Say
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Market Chatter: Apple Supplier Foxconn Moving Ahead With New Plant in India, Officials Say
May 26, 2025 1:15 PM

07:39 AM EDT, 05/23/2025 (MT Newswires) -- Apple ( AAPL ) 's main contractor Foxconn is moving ahead with plans to build a $1.5 billion display module facility in the Indian state of Tamil Nadu, Financial Times reported Friday, citing two government officials.

The officials said the new facility would be supplying Apple ( AAPL ), according to the report.

Apple ( AAPL ) and Foxconn did not immediately respond to MT Newswires' request for comment on the matter.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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