Foxconn has plans to pivot iPhone production to IndiaWhat you need to know
Foxconn is ready to establish more assembly plants in India.
It only has two plants there right now, but it'll need much more to keep up with iPhone production.
It does anticipate many challenges in the possible transition.
Foxconn looks beyond China to continue making iPhones.
As the trade war between the U.S. and China continues, affected companies are starting to put their contingency plans in place. One of those is Foxconn, a manufacturer of iPhones, which is setting its sights on India.
According to a report from Bloomberg, Foxconn is ready to start expanding in India. Its main base of operations is in China, but with the U.S. imposing a 15% tariff on Chinese-made goods, the company is looking elsewhere to bypass the trade war.
"It's a good business principle not to put all your eggs in a single basket," says Josh Foulger, who runs Foxconn's India operations. "We have to find viable and reliable alternatives. Obviously the alternative location has to...
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Foxconn has plans to pivot iPhone production to India
