ENA Global 2025-06-25 15:54:34 <p><span style="font-size:14px"><strong>New Delhi, Jun 25 (KNN) </strong>Taiwans Hon Hai Precision Industry Co. &mdash; popularly known as Foxconn and a key assembler of Apples iPhones &mdash; has received regulatory approval from Taiwan's Ministry of Economic Affairs to invest over USD 2.2 billion in two strategic initiatives in India and the United States.</span></p> <p><span style="font-size:14px">In India, Foxconn will channel USD 1.49 billion through its subsidiary in Singapore &mdash; Foxconn Singapore Pte Ltd &mdash; into Yuzhan Technology (India) Pvt Ltd.</span></p> <p><span style="font-size:14px">This capital injection is earmarked for establishing new manufacturing capacity to produce iPhones and key components, reinforcing Indias role as a critical hub in Apples supply chain.</span></p> <p><span style="font-size:14px">The move marks a significant expansion from earlier investments &mdash; over USD 1.5 billion funnelled into India since May to build new component plants, including a display-module assembly facility near Chennai capable of supporting over 14,000 jobs.</span></p> <p><span style="font-size:14px">This shift isnt just about diversification &mdash; it's also a geopolitical hedge. With ongoing US China trade tensions and former US President Trump criticizing Apples expansion in India, Foxconn is strategically relocating a substantial part of its production footprint away from China.</span></p> <p><span style="font-size:14px">In fact, around 97 per cent of India‑made iPhones are now destined for the US market &mdash; a ratio projected to grow as Indias share of global iPhone output climbs from around 15 18 per cent in 2024 to potentially above 30 per cent in 2025 2026 .</span></p> <p><span style="font-size:14px">In the United States, Foxconn also received approval to invest USD 735 million (Project ETA (DE) LLC) to build data‑center modules and assemble servers on US soil .</span></p> <p><span style="font-size:14px">These twin investments reflect Foxconns broader China‑plus‑one strategy, operationalising a global footprint that now includes 223 plants and offices across 24 countries, with 54 locations in the Americas and 12 each in Europe and India.</span></p> <p><em><strong><span style="font-size:14px">(KNN Bureau)</span></strong></em></p> 42575 https://knnindia.co.in/news/newsdetails/global/foxconn-to-invest-usd-22-bn-in-india-and-us-shifts-production-from-china 2025-06-25 15:54:34 knnindia.co.in