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iPhone maker Foxconn buys huge site in India tech hub

May 9, 2023
Source: news.com.au news.com.au
News Snapshot:
Taiwanese electronics giant Foxconn has bought a huge tract of land on the outskirts of Indian tech hub Bengaluru, the key Apple supplier said in a filing Tuesday as it looks to diversify production away from China. Also known by its official name, Hon Hai Precision Industry, Foxconn is the world's biggest contract electronics manufacturer and a principal assembler of Apple iPhones. Both companies are seeking to diversify away from China, where much of their manufacturing is based, after strict Covid policies in recent years and ongoing diplomatic tensions with the United States hurt production. The 1.2 million-square-metre (13 million-square-foot)...
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