Foxconn Plans To Expand Production Base In India, Communist China Is The Biggest Loser

According to the report on Nov. 11, Foxconn Technology Group (Foxconn), the Apple cell phone OEM, is planning to further expand its iPhone factory in India, proposing to triple the number of employees there to 70,000 in the next two years.

 The company opened a factory in the southern Indian state of Tamil Nadu in 2019 and has been increasing its capacity. Beginning this year, its Indian plant began to produce the iPhone 14, which is a major progress for India’s smartphone OEM industry.

 There has long been speculation that Foxconn intends to expand its Indian plants, but there have never been reports of the scale and timeline of specific expansion plans. On Thursday, Foxconn parent company Hon Hai Chairman Liu Yangwei said at its third-quarter wrap-up meeting that the company would adjust production capacity and output to avoid the impact of further supply disruptions during the Christmas and Lunar New Year holidays. A government source said it has shared plans with Tamil Nadu officials to accelerate hiring at the plant and begin discussions to get government support to address issues such as providing housing facilities for more workers.

 Earlier, Apple said on November 6 that it would reduce the production of iPhone 14 series phones in communist China. Due to the impact of the pandemic and the closure of the Foxconn factory in Zhengzhou, coupled with the regime’s “zero-Covid” policy and lockdown in various cities, Apple expects that production and sales in the country will be greatly reduced, possibly as much as 30%.

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Translator: NFSC News
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