In a notable enhancement to Apple’s strategy for diversifying its global supply chain, Foxconn, the primary supplier for the Cupertino-based company, is poised to invest $1.5 billion in India through its subsidiary, Yuzhan Technology India. This development follows President Donald Trump’s advice to Apple, urging the company not to overly pivot towards India at the expense of China, during a period when trade negotiations between the United States and China were progressing positively. The investment, which has been verified in a filing with the London Stock Exchange, entails Foxconn’s Singapore-based subsidiary purchasing 12.77 billion shares of Yuzhan Technology India at a price of 10 rupees per share—culminating in a total deal value of $1.5 billion. This significant financial commitment coincides with Apple’s ongoing efforts to broaden its manufacturing presence in India, which is increasingly recognized as a vital alternative production center. Concerns regarding rising iPhone prices and vulnerable supply chains have been amplified by President Donald Trump’s tariffs on Chinese imports. In light of this, Apple has been progressively relocating its production from China, with approximately 600 tons of iPhones—valued at $2 billion—shipped from India to the United States in March alone. India Yuzhan Technology India, located in Tamil Nadu, is instrumental in facilitating this transition. The Foxconn subsidiary is responsible for manufacturing electronic components and assembling Apple’s iPhones domestically, thereby enhancing India’s status as a global hub for electronics manufacturing.
