{"id":22232,"date":"2022-12-09T13:07:48","date_gmt":"2022-12-09T13:07:48","guid":{"rendered":"https:\/\/mailinvest.blog\/index.php\/2022\/12\/09\/foxconn-expanding-in-india-with-new-500-million-investment\/"},"modified":"2022-12-09T13:07:48","modified_gmt":"2022-12-09T13:07:48","slug":"foxconn-expanding-in-india-with-new-500-million-investment","status":"publish","type":"post","link":"https:\/\/mailinvest.blog\/index.php\/2022\/12\/09\/foxconn-expanding-in-india-with-new-500-million-investment\/","title":{"rendered":"Foxconn expanding in India with new $500 million investment"},"content":{"rendered":"<p> <a href=\"https:\/\/go.fiverr.com\/visit\/?bta=1052423&nci=17043\" Target=\"_Top\"><img loading=\"lazy\" decoding=\"async\" border=\"0\" src=\"https:\/\/fiverr.ck-cdn.com\/tn\/serve\/?cid=40081059\" loading=\"lazy\"  width=\"601\" height=\"201\"><\/a>\n<\/p>\n<div>\n<div class=\"col-sm-12\" id=\"article-hero\" aria-labelledby=\"hero-cap\" role=\"figure\">\n                        <span id=\"hero-cap\" style=\"display:none;\">Article Hero Image<\/span><br \/>\n                        <a href=\"https:\/\/photos5.appleinsider.com\/gallery\/51856-102808-000-lead-Foxconn-facility-xl.jpg\"><br \/>\n              <img decoding=\"async\" src=\"https:\/\/photos5.appleinsider.com\/gallery\/51856-102808-000-lead-Foxconn-facility-xl.jpg\" loading=\"lazy\" alt=\"\"\/><br \/>\n            <\/a>\n          <\/div>\n<div class=\"col-sm-12\">\n<p style=\"font-size:.9em;\">&#13;<br \/>\n        <em>&#13;<br \/>\n            AppleInsider may earn an affiliate commission on purchases made through links on our site.&#13;<br \/>\n        <\/em>&#13;\n    <\/p>\n<\/div>\n<p class=\"col-sm-12 article-lead\">Apple&#8217;s main <a href=\"https:\/\/appleinsider.com\/inside\/iphone\">iPhone<\/a> manufacturer Foxconn is continuing to work on moving away from dependency on China, and has now invested half a billion dollars in India.&#13;<\/p>\n<div class=\"col-sm-12\">\n<p>Foxconn&#8217;s existing manufacturing plant in India <a href=\"https:\/\/appleinsider.com\/articles\/22\/11\/04\/foxconn-to-dodge-china-lockdown-move-iphone-production-to-india\">helped<\/a> it keep at least some iPhone production going. The company has also already revealed it <a href=\"https:\/\/appleinsider.com\/articles\/22\/11\/11\/foxconn-to-quadruple-iphone-factory-workforce-in-india\">plans to quadruple<\/a> its Indian workforce over time.&#13;<\/p>\n<\/div>\n<div class=\"col-sm-12\">\n<p>Now according to <em>Techcrunch<\/em>, Foxconn is <a href=\"https:\/\/techcrunch.com\/2022\/12\/08\/foxconn-invests-another-500-million-in-india-business\/\">ramping up<\/a> its India processor manufacturing business, with a new $500 million investment in the country.&#13;<\/p>\n<\/div>\n<div class=\"col-sm-12\">\n<p>The investment is recorded in a Taiwan stock exchange filing dated December 8, 2022. Foxconn is reportedly deploying the investment into its Hon Hai Technology India Mega Development Private Limited operation.&#13;<\/p>\n<\/div>\n<div class=\"col-sm-12\">\n<p>Based on Apple and Foxconn&#8217;s efforts in India, <a href=\"https:\/\/appleinsider.com\/articles\/22\/09\/21\/one-in-four-iphones-could-be-made-in-india-by-2025\">analysts predict<\/a> that a quarter of all iPhone production may be done in the country by 2025.&#13;<\/p>\n<\/div>\n<div class=\"col-sm-12\">\n<p>Foxconn&#8217;s main iPhone plant near the Chinese city of Zhengzhou has recently <a href=\"https:\/\/appleinsider.com\/articles\/22\/11\/10\/iphone-14-covid-production-hit-will-batter-foxconns-earnings\">been subjected<\/a> to lockdowns in the local authority&#8217;s severe COVID measures. It&#8217;s also had workers <a href=\"https:\/\/appleinsider.com\/articles\/22\/10\/31\/workers-flee-foxconns-covid-hit-iphone-factory-over-poor-conditions\">either fleeing<\/a> the company, <a href=\"https:\/\/appleinsider.com\/articles\/22\/11\/23\/hundreds-riot-at-foxconn-iphone-plant-over-conditions\">or rioting<\/a>, because of conditions.<\/p>\n<\/div><\/div>\n<iframe data-lazy=\"true\" data-src=\"https:\/\/www.fiverr.com\/gig_widgets?id=U2FsdGVkX18x7XQvttUTrv1oEqmGNGTgvvCUiUoJ\/AP4z\/UyMz8lXGOLpu15jIMxBbTR0gmD5uBoFvhC4KWeALQRp3h\/X\/AwcVD0K8Wj9H\/ZzYKzcCNHosB9oS4SCJJFWiN85P9ICAc4OgCoE\/wHKIY7CDkf2\/DQ1vqGvk4smVe5cRDEmrLPCWi4FC8p40VUhSmWQ5udCm0zoJtorgWv3vbDQw0kKYkwn39ozAnQXDe+YvWMxkLFWA+O3TFwkJvdkIK+\/AUSnRssPKt5WHY0FhNOxnSPcLslEL4G4\/RfP95ve99U+kRnDy3X+KtzdQLY+u935ghON\/o3UE4IMv9oN6JX9RnxzL\/LRcOgnHigxStSGPKsZYtnz8RWNVT\/rOLAibqiWJadC5MYHRbekF3eg6FOGrQGkXYbsn0+a5aovnlLCbLwIqY9fcS17UX8J235iQ6cdmHNbrPeS84CMm34RA==&affiliate_id=1052423&strip_google_tagmanager=true\" loading=\"lazy\" data-with-title=\"true\" class=\"fiverr_nga_frame\" frameborder=\"0\" height=\"350\" width=\"100%\" referrerpolicy=\"no-referrer-when-downgrade\" data-mode=\"random_gigs\" onload=\" var frame = this; var script = document.createElement('script'); script.addEventListener('load', function() { window.FW_SDK.register(frame); }); script.setAttribute('src', 'https:\/\/www.fiverr.com\/gig_widgets\/sdk'); document.body.appendChild(script); \" ><\/iframe>\n<br \/><a href=\"https:\/\/appleinsider.com\/articles\/22\/12\/09\/foxconn-expanding-in-india-with-new-500-million-investment?utm_medium=rss\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Article Hero Image &#13; &#13; AppleInsider may earn an affiliate commission on purchases made through links on our site.&#13; &#13; Apple&#8217;s main iPhone manufacturer Foxconn&#8230;<\/p>\n","protected":false},"author":1,"featured_media":22233,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-22232","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tech-universe"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Foxconn expanding in India with new $500 million investment - mailinvest.blog<\/title>\n<meta name=\"description\" content=\"Technology is forever changing, and there are always new pieces of technology to replace obsolete ones. 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