Apple supplier Foxconn infuses $500M investment at Indian plant

The decision comes as Apple is fast-forwarding its production plans for both iPhones and iPads in India and Vietnam in the aftermath of China protests over zero-Covid policy which has badly impacted its supply chain.

Analyst Ming-chi Kuo said Apple plans to ship between 40 and 45 percent of its iPhones from India, up from the current single-digit percentage.

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Soumajit Sinha

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