Taiwanese electronics manufacturer Hon Hai Precision Industry Co., widely known as Foxconn and a key assembler for Apple’s iPhones, has received regulatory approval for two major international investment plans worth over $2.2 billion. Taiwan’s Ministry of Economic Affairs (MOEA) granted clearance through its Department of Investment Review.
$1.49 Billion Allocated to India via Singapore Subsidiary
A significant portion of the investment—$1.49 billion—is earmarked for Foxconn Singapore Pte Ltd. This subsidiary will channel the capital into Yuzhan Technology (India) Pvt Ltd, a Foxconn-owned entity operating in India. The investment is part of Foxconn’s broader strategy to scale up its presence in India’s electronics manufacturing sector.
Strategic Move Amid US-China Trade Tensions
The investment push aligns with Hon Hai’s strategy to reduce dependency on China amid ongoing trade tensions with the United States. India has emerged as a preferred destination for Foxconn’s manufacturing diversification, particularly for assembling Apple iPhones and related components.
New US Unit to Focus on Server and Data Center Modules
In addition to the India-focused plans, Foxconn will set up a new unit in the United States with an investment of $375 million. This facility will handle server assembly and data center module protection, further strengthening Foxconn’s capabilities in the US tech ecosystem.
iPhone Exports from India to US Soar
Foxconn has rapidly ramped up iPhone exports from India to the US. As of early 2025, 97% of iPhones made in India are being shipped to the American market, a significant increase from 50% in 2024. Between March and May 2025 alone, iPhone shipments from India to the US were valued at $3.2 billion.
Trump Criticises Shift, Apple Defends Strategy
The production shift has drawn criticism from former US President Donald Trump, who urged Apple CEO Tim Cook to prioritize US-based manufacturing. Despite this, Cook confirmed that Apple now sources half its iPhones for the US market from India due to favorable tariff conditions.
Foxconn Continues $1.5 Billion Investment in Tamil Nadu
In May 2025, Foxconn reaffirmed its plans to invest $1.5 billion in a new component facility near Chennai, Tamil Nadu. This investment remains on track despite external political pressure to return production to the US.
Global Presence Continues to Grow
Foxconn is steadily expanding its global manufacturing and operational footprint. The company now operates 223 plants and offices in 24 countries, including 54 in the US, and 12 each in India and Europe. It is also growing its base in Mexico and Vietnam as part of its diversified global supply chain strategy.
