After winning Apple contract, Foxconn to build factory in India

Robert Besser
19 Mar 2023, 23:02 GMT+10

After winning an order to manufacture wireless AirPods earphones for Apple for the first time, Taiwanese company Foxconn is planning to build a factory in India.
As AirPods are currently made by various Chinese suppliers, the deal between Apple and Foxconn highlights the overall direction to shift production away from China.
Foxconn Interconnect Technology Ltd., a subsidiary of the company, aims to construct a manufacturing plant in Telangana in the second half of 2023, which is to begin production by the end of 2024.

TAIPEI, Taiwan: Reuters reported that after winning an order to manufacture wireless AirPods earphones for Apple for the first time, Taiwanese company Foxconn is planning to build a factory in India.

As AirPods are currently made by various Chinese suppliers, the deal between Apple and Foxconn, the world's largest contract electronics maker and assembler of some 70% of all iPhones, highlights the overall direction to shift production away from China.

Foxconn will invest more than $200 million in the new India AirPod plant in the southern state of Telangana, the report said, adding that for some months, Foxconn officials had debated whether to assemble AirPods due to their relatively lower profit margins, but decided to do so as the deal will "reinforce engagement" with Apple.

Foxconn and fellow Taiwanese rivals, such as Wistron and Pegatron, are in competition to win more orders from Apple, the world's most valuable company.

Foxconn Interconnect Technology Ltd., a subsidiary of the company, aims to construct a manufacturing plant in Telangana in the second half of 2023, which is to begin production by the end of 2024.

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to New Orleans Sun.

More Information

82 ℉

Fair in New Orleans/Lakefront

Business

Section

Carnival Cruise passengers posts video of flooded rooms, hallways

MIAMI, Florida: Carnival Cruise Lines has said a cruise ship, the Carnival Sunshine, which sailed through rough seas off the ...

In first visit in 3 years, Elon Musk visit's Tesla plants in China

BEIJING, China: On his return to China after a three year absence, which is his company's largest production hub, Tesla ...

U.S. stock markets in sharp advance, Dow Jones gains more than 2%

NEW YORK, New York - U.S. stocks surged on Friday on the debt ceiling resolution and a strong jobs report.Nonfarm ...

Nvidia joins ranks of major US businesses valued at over $1 trillion

SANTA CLARA, California: As investors piled more capital into Nvidia, the chipmaker that has become one of the biggest winners ...

France plans openings of four battery factories in north of country

PARIS, France: France has celebrated the groundbreaking for the first of four battery manufacturing gigafactories, which European and Asian companies ...

Jump in foreign arrivals to Ireland with 35% coming thru Britain

DUBLIN, Ireland: Ireland saw a 20.0 percent increase in people arriving from overseas in April 2023, compared to April 2022, ...

International

Section