Key iPhone assembler Foxconn has revealed plans to invest “several billions” in India to boost the production of electronics components. The move comes as global tech companies are seeking to diversify their supply chains amidst uncertainties in the global market. Foxconn Chairman Young Liu announced that the company’s India operations have witnessed significant growth since its entry in 2005, and now the aim is to expand production capacity for critical components used in consumer electronics. This investment not only signifies Foxconn’s commitment to India but also highlights the country’s potential as a manufacturing hub in the tech world.
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