Foxconn looks to expand Chennai iPhone facility
Foxconn, the largest contract electronics manufacturer in the world, is planning to expand its iPhone production facility located in Chennai, India. The move is part of the company’s strategy to diversify its supply chain and reduce its reliance on China. The expansion is expected to help Foxconn meet the growing demand for iPhones in India and other markets, as well as increase its production capacity.
The Chennai facility, which currently produces iPhones for the Indian market, will reportedly produce iPhones for export to other countries as well after the expansion. However, the details of the expansion, including the investment amount and the number of jobs created, are yet to be disclosed.
According to reports, Foxconn is also exploring opportunities to invest in other parts of India, such as Maharashtra and Andhra Pradesh. The company is reportedly in talks with local governments to set up manufacturing facilities for semiconductors, electric vehicles, and other electronics products.
Overall, the move to expand its facility in India is in line with the company’s effort to diversify its supply chain and reduce its dependence on China. This expansion is expected to create jobs and boost India’s manufacturing sector while meeting the growing demand for iPhones in the country and other markets.
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