https://www.bloomberg.com/news/articles/2023-07-31/apple-supplier-foxconn-plans-500-million-india-component-plants#xj4y7vzkg
Apple Inc.’s main supplier, Foxconn Technology Group, is planning to invest close to $500 million to build two component factories in India as part of a steady diversification from China.
At least one of the factories that the Taiwanese company plans to construct in the southern Karnataka state will produce Apple parts, including for iPhones, people familiar with the matter said. A formal announcement is expected as early as this week, the people said, declining to be named as the matter is not public.
