Foxconn's $2.2 Billion Boost: India & US Investments Approved

Foxconn, the Taiwanese electronics manufacturing giant and Apple’s primary iPhone assembler, has received regulatory approval for over $2.2 billion in new investments aimed at strengthening its operations in India and the United States. The approvals were granted by the Department of Investment Review under Taiwan’s Ministry of Economic Affairs, signaling a major step in the company’s global expansion strategy.

A key component of the approved investment includes a $1.49 billion capital infusion into Foxconn Singapore Pte Ltd, a central subsidiary. These funds are expected to be directed toward Yuzhan Technology (India) Pvt Ltd, another Foxconn entity operating in India, according to reports by Focus Taiwan.

This move highlights Foxconn’s strategic shift toward manufacturing diversification, reducing reliance on China while reinforcing its footprint in emerging and established markets. The investment in India aligns with the broader industry trend of expanding production capacity in the South Asian region, driven by both geopolitical considerations and supply chain resilience.

News by Rahul Yelligetti.