​Foxconn, the world’s largest electronics maker, will continue its expansion in India and wants to build a $700 million factory that could create 100,000 jobs. It will produce for Apple as part of the company’s strategy to find other manufacturing countries outside of China.
Bloomberg writes that the plant will be built near the city of Bengaluru, one of the technological centers of India, a country that offers important subsidies to attract large companies.
-
Apple will start production of laptops in Vietnam in 2023
Apple and other tech companies have been trying to open factories outside China for the past two years to reduce dependence on the world’s largest country, which has been troubled by Covid-19 and rising tensions with the United States.
The countries with the greatest potential to take over production from China are Vietnam, India and, to a lesser extent, Thailand.
-
VIDEO Unprecedented protests and clashes with law enforcement officers at the world’s largest iPhone factory
The Indian factory will initially produce iPhone components and may later start assembling Apple phones.
Foxconn’s largest factory in China is located in Zhengzhou, where more than 200,000 people work.
Photo source: Dreamstime.com
Source: Hot News
Lori Barajas is an accomplished journalist, known for her insightful and thought-provoking writing on economy. She currently works as a writer at 247 news reel. With a passion for understanding the economy, Lori’s writing delves deep into the financial issues that matter most, providing readers with a unique perspective on current events.