Foxconn has begun withdrawing over 300 Chinese engineers and technicians from its iPhone assembly facilities in India, a significant move that could impact the country’s growing role in Apple’s global supply chain. The quiet pullout, which started about two months ago, has left only a small

Taiwan-based electronics giant Foxconn (Hon Hai Precision Industry) has made India its fastest-growing global asset hub, with the country’s share in the firm’s non-current assets soaring nearly fourfold in just three years. From a modest 2.6% in 2022, following the introduction of India’s Production-Linked Incentive (PLI) scheme for mobile devices, India’s

Apple is significantly scaling up its manufacturing operations in India, with Foxconn, its key supplier, planning to produce between 25 to 30 million iPhones in the country this year. This marks a dramatic increase from the 12 million units produced last year, reflecting Apple’s growing commitment to India as a key manufacturing base. Foxconn India […]