Foxconn to Mass Produce iPhones in India

Remigio Civitarese
Aprile 17, 2019

Most of Apple's handsets are made by Foxconn in China. Until now, the majority of the production was conducted in China.

Terry Gou, chairman of Foxconn Technology Group, speaks at a groundbreaking ceremony for the $10 billion Foxconn factory complex on June 28, 2018 in Mt.

Based on a report by Bloomberg, Foxconn is ready for a trial production of the latest iPhones.

Apple has had older phones produced at a plant in Bangalore for several years, but now will expand manufacturing to more recent models. The labor will be cheaper for Foxconn and Apple gets access to a growing market.

The founder isn't stepping down or relinquishing his chairmanship, said Louis Woo, special assistant to Gou.

Terry Gou, speaking on the sidelines of an event in Taipei, said that while he planned to step down as chairman, he hoped to remain involved in strategic decisions regarding the company's business.

There are two assembly sites of Foxconn in Andhra Pradesh and Tamil Nadu, where it also manufactures Xiaomi and Nokia devices.

Also known by its official name Hon Hai Precision Industry, the firm is the world's biggest contract electronics maker and assembles Apple's iPhones as well as gadgets for other worldwide brands. Foxconn's initial investment will be about $300 million to set up, with lined-up investments depending on capacity expansion. He has a dozen software people in India and he plans to increase that to 600, he said.

Gou also said he plans to write a book to pass on the lessons of his 45 years of management experience.

Indians bought more than 140 million smartphones past year, with just 1.7 million sold by Apple, as consumers favored cheaper models from China. Due to Chinese competitors like Xiaomi offering advanced features at lower prices, Apple is losing its market share in the country.

Altre relazioniGrafFiotech

Discuti questo articolo

Segui i nostri GIORNALE