A $1.5 billion investment, 14,000 new jobs, and a strategic pivot—Foxconn reinforces Apple’s growing reliance on India as iPhone exports surge and China’s dominance wanes.
Taiwan-based electronics giant Hon Hai Precision Industry Co., widely known as Foxconn, is investing $1.5 billion in its Indian operations, underlining Apple’s growing shift towards India for iPhone manufacturing.
The investment, made through Foxconn’s Singapore-based subsidiary, was disclosed in a stock exchange filing on Monday. While exact details remain undisclosed, the funding is expected to support the development of new facilities and boost production capacity in southern India.
This announcement comes as Apple deepens its manufacturing presence outside China amid rising geopolitical tensions and concerns over global supply chain disruptions.
Apple produced approximately $22 billion worth of iPhones in India during the 12 months ending March 2025—a nearly 60% increase from the previous year. Exports reached ₹1.5 trillion ($17.4 billion), according to India’s Minister for Electronics and IT, Ashwini Vaishnaw.
Foxconn’s major Indian plants are located in Tamil Nadu, Karnataka, and Telangana. Its Sriperumbudur facility in Tamil Nadu plays a central role in iPhone assembly. Meanwhile, Tata Group has bolstered its presence by acquiring Wistron’s Indian arm and managing Pegatron’s operations, further embedding itself in Apple’s supply chain. They have just commenced iPhone assembly at their Hosur plant in Tamil Nadu.
India’s overall smartphone exports surged to ₹2 trillion in the same financial year, marking a 54% year-on-year growth.
Foxconn is also setting up a new display module assembly unit in Tamil Nadu, expected to generate around 14,000 jobs. The unit is the first of its kind for Apple in India and is designed to support other contract manufacturers such as Tata Electronics. The company aims to manufacture a significant share of its US-bound iPhones in India by the end of 2026.
Despite criticism from former US President Donald Trump urging Apple to manufacture in America, the tech giant continues to invest heavily in India, seeking to diversify production and mitigate tariff risks.
However, experts suggest that while India is becoming a key hub for Apple, a complete exit from China remains unlikely in the near term.
