Apple supplier Foxconn to build $700 million iPhone manufacturing plant in India, report claims
David Joseppi
Posted On 03/03/2023 
Apple’s primary iPhone assembler Foxconn is planning to spend $700 million on an all-new iPhone manufacturing plant in India, according to a new report from Bloomberg which claims that the new plant is part of Apple’s push to cut production reliance on China.
Citing people familiar with the matter, Bloomberg report how Foxconn plans to build the plant to make iPhone parts on a 300-acre site close to the airport in Bengaluru, the capital of the southern Indian state of Karnataka.
The factory may also assemble Apple’s long-rumored AR/VR handsets, some of the people said, and Foxconn may also use the site to produce some parts for its distant self-driving electric vehicle project.
It has heavily been reported that Apple is ramping up its efforts to move more iPhone production out of China, with India and Vietnam being the two countries chosen to takeover the manufacturing and product assembly, with India expected to triple its production of iPhones over the next two years.
Apple currently has its top three manufacturing partners making smartphones in India. These are Wistron, Foxconn, and Pegatron. The company has slowly been expanding its manufacturing efforts in India over recent years, with the country assembling low quantities of the iPhone 14, as well as some older iPhone models, including the iPhone 13 and iPhone SE.
Reports have previously suggested that Apple is aiming to produce 25 percent of all iPhones in India by 2025, with trade tensions between the U.S. and China a key driving force between the move.
