Apple supplier Foxconn is expected to expand production of iPhones in India with a new 128.2 billion rupee (about US$1.54 billion) plant.
Apple manufacturer Foxconn has established a new center in Zhengzhou, China, that will focus on core research and formulating development plans, reports The South China Morning Post.
China’s Henan province has vowed support for Foxconn’s business, after a Covid-19 outbreak severely disrupted the firm’s local production last year. The new center will focus mainly on applying new technologies in Foxconn’s business, formulating development plans, researching core technologies, and incubating new projects, according to the SCMP.
However, Foxconn is looking to expand beyond China. It plans to invest about US$700 million on a new plant in India to ramp up local production, reports Bloomberg. And it has secured a new site in Vietnam.
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