Foxconn has announced a ₹1.5 billion investment in its India unit, as Apple continues to shift more of its manufacturing operations out of tariff-affected China.
According to a filing on the London Stock Exchange, Foxconn’s Singapore-based subsidiary will acquire 12.77 billion shares in Yuzhan Technology India at ₹10 per share, totaling an investment of ₹127.74 billion (approximately $1.5 billion).
Foxconn’s unit, Yuzhan Technology India, operates out of Tamil Nadu, where it manufactures electronic components and assembles Apple iPhones.
Apple is increasingly positioning India as a key alternative manufacturing hub in response to supply chain disruptions and higher costs driven by U.S. tariffs on China, as reported by Reuters last month.
In March, Apple significantly boosted its production in India, exporting nearly 600 tons of iPhones worth $2 billion to the United States.
Foxconn’s $1.5 billion investment in its India unit marks a significant step in Apple’s broader strategy to diversify its supply chain and reduce reliance on China. With India emerging as a key manufacturing hub, especially for iPhones, this move not only strengthens local production capabilities but also reinforces Apple’s long-term commitment to the region.
