$1.5 Billion India Push Strengthens Apple’s Shift From China To Chennai

India-West News Desk

CHENNAI – In a significant boost to Apple’s global supply chain diversification strategy, Foxconn, the Cupertino giant’s key supplier, is set to invest $1.5 billion in India through its unit Yuzhan Technology India. This comes after President Donald Trump told Apple not to turn too much to India and away from China.

This was when trade talks between the US and China was going well The investment, confirmed in a filing on the London Stock Exchange, involves Foxconn’s Singapore-based subsidiary acquiring 12.77 billion shares of Yuzhan Technology India at 10 rupees each—bringing the total value of the deal to $1.5 billion.

This substantial infusion comes as Apple continues to expand its manufacturing footprint in India, now seen as a major alternative production hub.

President Donald Trump’s tariffs on Chinese goods have raised concerns about rising iPhone prices and fragile supply chains.

In response, Apple has gradually shifted production away from China, with around 600 tons of iPhones—valued at $2 billion—exported from India to the United States in March alone.

Yuzhan Technology India, based in Tamil Nadu, plays a pivotal role in this transition.

The Foxconn unit manufactures electronic components and assembles Apple’s iPhones locally, boosting India’s position as a global electronics manufacturing hub.

(Courtesy: https://indiawest.com/)