Foxlink, Apple supplier in India, suffers $12M loss due to factory fire

  • Foxlink, one of Apple’s main suppliers, has suffered a $12M loss due to a factory fire in India.
  • The fire destroyed half of the machinery at Foxlink’s facilities in India.
  • Apple has been investing to increase production capacity in India, but the fire has caused the company to halt operations in the country indefinitely.
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