Foxconn News: Foxconn expands its Tamil Nadu factory as Apple’s business gains

Foxconn, the largest and globally most trusted electronics manufacturer in the world and 22nd in the list of Fortune 500 companies is expanding into Semiconductor Manufacturing and is exploring the South Asian market for its next venture to build for the world.

Synopsis

This comes amid strong India sales for Apple and high localisation for its high-end smartphones range not only in the country but also in other developing Asia-Pacific markets.

Top Apple Inc supplier Foxconn will soon put into commercial production another phone manufacturing unit within its Foxconn Hon Hai Tech India facility close to Chennai, sources told ET.

This comes amid strong India sales for Apple and high localisation for its high-end smartphones range not only in the country but also in other developing Asia-Pacific markets.

Foxconn had carved off a portion of the manufacturing facility under Domestic

BY

ETtech

Aug 03, 2022, 06:00 AM IST

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