Foxconn's $1.5B investment in India boosts Apple's efforts to reduce reliance on China

From Yahoo Finance: 2025-05-21 12:14:00

Apple Inc.’s plans to reduce reliance on China’s iPhone manufacturing get a boost with Foxconn’s $1.5B investment in India. The move supports the shift of manufacturing out of China amid heightened tariff tensions with the US.

US-China trade war pressures Apple, with Trump pushing for manufacturing move to US. Apple exports iPhones worth $2 billion from India to the US. Despite global iPhone sales, limited presence in India due to government regulations on supply sourcing.

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Read more: Apple’s India Push Receives a Boost on Foxconn’s $1.5B Investment