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Defying Trump's Urge: Foxconn's $10 Billion India Investment Unveiled
3 week ago /
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Author：小编
A May 23 report by the Financial Times revealed that Foxconn, a key Apple supplier, intends to invest $1.5 billion (roughly 10.8 billion yuan) in constructing a components factory near Chennai, India. This strategic move aims to significantly bolster Apple's supply chain presence in the country. Notably, despite President Trump's exhortations for Apple to repatriate its manufacturing operations to the United States, Foxconn remains committed to its India expansion plan. The proposed factory is anticipated to bolster Foxconn's supply capabilities to its primary client, Apple, and potentially emerge as one of the largest investments in India's electronics sector to date.
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