Icebutik
  • Home
  • World
  • Anomalies
  • Unexplained
  • Phenomena
  • Weird
  • Odd News
  • Mysteries
  • Contact us
Facebook Twitter Instagram
Icebutik
  • Home
  • World

    Israel protests: PM Netanyahu delays legal reforms after day of strikes

    March 27, 2023

    Africas Dark Road to Democracy — Global Issues

    March 27, 2023

    Russia may demand compensation over Nord Stream blasts: Diplomat | Russia-Ukraine war News

    March 27, 2023

    Protests Erupt in Israel After Netanyahu Fires Defense Minister

    March 27, 2023

    Israel defence minister fired in legal reform row

    March 26, 2023
  • Anomalies
  • Unexplained
  • Phenomena
  • Weird
  • Odd News
  • Mysteries
  • Contact us
Icebutik
Home»World»Apple supplier Foxconn plans $200m factory in India, sources say | Technology
World

Apple supplier Foxconn plans $200m factory in India, sources say | Technology

SteinarBy SteinarMarch 16, 2023No Comments3 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr WhatsApp VKontakte Email
Share
Facebook Twitter LinkedIn Pinterest Email

Source says Taiwan firm will invest more than $200m in the new AirPod plant in the southern Indian state of Telangana.

Taiwanese contract manufacturer Foxconn has won an order to make AirPods for Apple and plans to build a factory in India to produce the wireless earphones, two people with direct knowledge of the matter told Reuters news agency.

The deal will see Foxconn, the world’s largest contract electronics maker and assembler of about 70 percent of all iPhones, become an AirPod supplier for the first time and underlines efforts by the key Apple supplier to further diversify production away from China. AirPods are currently made by a range of Chinese suppliers.

One source said Foxconn will invest more than $200m in the new India AirPod plant in the southern Indian state of Telangana. It was not immediately clear how much the AirPod order would be worth.

The person, who requested anonymity as the matter was not public yet, said Foxconn officials had debated internally for months about whether to assemble AirPods due to relatively lower profit margins on making the device, but ultimately opted to go ahead with the deal to “reinforce engagement” with Apple.

“That way, we are more likely to get orders for their new products,” the person said.

The decision to set up production in India was requested by Apple, according to the source.

Foxconn vies with Taiwanese rivals such as Wistron Corp and Pegatron Corp to win more orders from Apple, the world’s most valuable company.

A subsidiary, Foxconn Interconnect Technology, plans to start construction of a manufacturing facility in Telangana in the second half of this year and begin production by the end of 2024 at the earliest, the person said.

A second person with direct knowledge of the matter, who also declined to be identified as it was not yet public, said the Foxconn subsidiary would make AirPods in India without providing further details.

Analysts have previously said Apple has asked suppliers including Foxconn to make AirPods in India, but details such as the size of investment, timeline and which suppliers have manufacturing plans in the country have not been disclosed.

Foxconn declined to comment. Apple did not immediately respond to a request for comment.

Apple and its key suppliers have been shifting production away from China, where strict COVID-19 curbs disrupted Foxconn’s biggest iPhone factory last year. They are also seeking to avoid a potential hit to business from mounting Sino-US trade friction.

Foxconn said on Wednesday it would ramp up investment outside China to meet customer demand and lower its reliance on China for production.

It was not immediately clear whether Foxconn’s production plan would have an effect on current AirPod suppliers, including Luxshare Precision Industry.

Luxshare did not immediately reply to a request for comment.

Goertek, another supplier, said in November an overseas client had asked it to suspend assembly work for a smart acoustic product, which analysts at the time identified as AirPods Pro 2, and the suspension would hit revenue by up to 3.3 billion yuan ($480m).

Goertek did not respond to a request for comment.

Related

Asia Economy India Technology
Share. Facebook Twitter Pinterest LinkedIn Tumblr WhatsApp Email
Previous ArticleVirginia man arrested for shining laser pointer at police helicopter during pursuit
Next Article 15 Incredible Ancient Buildings and Structures (Video)
Steinar
  • Website
  • Facebook
  • Pinterest

Related Posts

Israel protests: PM Netanyahu delays legal reforms after day of strikes

March 27, 2023

Africas Dark Road to Democracy — Global Issues

March 27, 2023

Russia may demand compensation over Nord Stream blasts: Diplomat | Russia-Ukraine war News

March 27, 2023

Protests Erupt in Israel After Netanyahu Fires Defense Minister

March 27, 2023

Leave A Reply Cancel Reply

Categories
  • Anomalies (1,081)
  • Icebutik Store (271)
  • Odd News (1,722)
  • Unexplained-mysteries (860)
  • Unexplained-phenomena (1,736)
  • Weird (10)
  • World (1,541)

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

Loading
Latest Posts

Cernunnos – The Enigmatic Antlered God of the Ancient Celts

March 28, 2023

Soccer star on Becky G cheating rumors: ’10 minute lapse in judgment resulted in an extortion plot’

March 27, 2023

Secret Tunnels and D.U.M.B.s – by The Paranormalist

March 27, 2023
  • About us
  • Contact us
  • Privacy Policy
  • Terms of use
© 2023 Designed by icebutik

Type above and press Enter to search. Press Esc to cancel.