Foxconn, a key manufacturing partner for Apple, has invested USD 1.48 billion (approximately ₹12,800 crore) into its Indian operations over the past five days. The investment has been made through Foxconn Singapore Pte Ltd in Yuzhan Technology (India) Private Limited, the company’s Tamil Nadu-based subsidiary. Under the transaction, 9,999 shares were acquired at ₹10 each, with a premium bringing the total investment to USD 1.489 billion.
Apple CEO Tim Cook recently confirmed plans to source the majority of iPhones sold in the United States from India during the June quarter, reducing reliance on Chinese manufacturing amid ongoing geopolitical and tariff uncertainties. Foxconn’s revenue in India has more than doubled, exceeding USD 20 billion (approximately ₹1.7 lakh crore) in FY 2024–25, driven primarily by a surge in iPhone output. According to S&P Global, iPhone sales in the U.S. reached 75.9 million units in 2024. India exported 3.1 million units in March alone, highlighting the growing importance of India in Apple’s global supply chain and suggesting the need for expanded production capacity.
Government sources indicate that India currently accounts for approximately 15% of global iPhone production. Apple is expected to manufacture around 60 million units in India during the current fiscal year. Union Minister Ashwini Vaishnaw recently announced that mobile phone exports from India reached a record ₹2 lakh crore in FY25, with iPhones contributing ₹1.5 lakh crore to that total.
Foxconn, officially known as Hon Hai Precision Industry Co, Ltd, is a leading global electronics manufacturer headquartered in Taiwan. Renowned for its large-scale production capabilities and precision manufacturing, Foxconn is a key supplier for major technology companies, including Apple, with its assembly of iPhones garnering global attention. The company operates a vast network of factories across Asia, North America, and Europe, employing over a million workers worldwide. In recent years, Foxconn has expanded beyond contract manufacturing into areas such as electric vehicles, semiconductors, and artificial intelligence, aligning with its strategic vision to diversify and lead in emerging technologies. Its continued investments in automation and smart manufacturing underscore its commitment to innovation and global competitiveness.
