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Foxconn, a major supplier to Apple, has begun production of the iPhone 15 at its manufacturing unit in Tamil Nadu, India. This is part of Foxconn's broader plan to diversify its production outside of China.
Young Liu, CEO of Foxconn's parent company Hon Hai Technology Group, told media that India was discussed frequently during investors' calls during the last two quarters. He said that India is a "key market" for Foxconn and that the company is committed to growing its operations in nationwide.
Foxconn achieved an annual turnover of $10 billion in India at the end of the second quarter of 2023. The company currently employs over 100,000 people in India.
The production of the iPhone 15 in Tamil Nadu is a significant milestone for Foxconn's India operations. It is the first time that Foxconn has produced an iPhone in India. The company is also planning to produce other Apple products in India, such as iPad and MacBook.
Foxconn's decision to produce the iPhone 15 in India is a sign of the growing importance of the Indian market for Apple. The company is also facing increasing pressure from governments around the world to diversify its production away from China.
The production of the iPhone 15 in India is a win-win for both Foxconn and Apple. It helps Foxconn to diversify its production and reduce its reliance on China, while it also helps Apple to meet the growing demand for its products in India.
It is expected that Foxconn will continue to invest in its India operations in the coming years. The company is well-positioned to take advantage of the growing demand for smartphones and other electronics in India.