Apple kicks China out – adopts India for production

China net worth
FILE PHOTO: Chinese and U.S. flags flutter outside a company building in Shanghai, China April 14, 2021. REUTERS/Aly Song

Foxconn recently stated that it will reduce its reliance on mainland China as its primary source of income, according to the “Wall Street Journal” report.  On Wednesday’s earnings call, Foxconn’s chairman said that almost 70% of the company’s current income comes from mainland China.  However, the share of markets coming from outside of mainland China will rise in the future.  According to those with knowledge of the situation, Foxconn intends to triple the number of staff to 100,000 by 2024. The company will also increase the yearly production of assembled Apple Phones in India to 20 million. Currently, the facility turns out 6 million iPhones annually.

China Vs US Tech War

Gizchina News of the week

In addition to Tamil Nadu where Chennai is located, Foxconn aims to establish a new factory facility in Karnataka. The report claims that Apple iPhones and other devices will be produced here. Foxconn is also looking to build a new facility in Hyderabad as well as a silicon carbide manufacturing and packaging plant for the Indian semiconductor market. India is clearly becoming a very ideal choice in the eyes of many people as Apple Inc. try to speed up its supply chain shift in recent years. Although it is still rather hard to replace Chinese production. These low yield rates, according to certain supply chain players, are just temporary. With further development, there may be more iPhones produced in India in the future.

Apple AI Summit

Apple and India can form a strong alliance

Apple’s home country is the U.S. but it can’t do any significant production there because of cost. China has been Apple’s production base for several years. However, with the growing tension between the U.S. and China, the company needs new alternatives. Similarly, for many years, India has been pushing for Made In India goods. Thus, it appears that Apple and India want the same thing. While Apple wants to move out of China, India wants to receive relevant brands.

Disclaimer: We may be compensated by some of the companies whose products we talk about, but our articles and reviews are always our honest opinions. For more details, you can check out our editorial guidelines and learn about how we use affiliate links.

Source/VIA :
Read Also:  iOS 17.2 is rolling out: Journal app, Qi2 charger support, and more
Previous You are damaging your mobile phone battery if you keep doing this
Next OnePlus Buds Pro 2 Lite Launched – Cheaper (And Better?) Than Regular Pro 2

1 Comment

  1. March 21, 2023

    Good riddance to Apple. China needs to ban it ASAP.