Foxconn to invest $1 billion in India to move iPhone production from ChinaApple is preparing to make a move.
What you need to know
Foxconn is investing $1 billion to expand its production in India.
The move comes from "a strong request from Apple."
The investment will result in 6,000 jobs over the course of three years.
Apple has been rumored to be working on moving some of its production out of China, and a new report seems to confirm that strategy.
Reported by Reuters, Foxconn, who assembles the iPhone for Apple, is planning to invest $1 billion to expand its production capabilities in India. One of the sources, who asked to remain anonymous, says that Apple has been pushing its supply chain partners to move part of their production out of China.
"There's a strong request from Apple to its clients to move part of the iPhone production out of China," one of the sources with direct knowledge of the matter told Reuters.
The expansion of the plant will take about three years and generate about 6,000 jobs, according to another source. The factory ...
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Foxconn to invest $1 billion in India to move iPhone production from China
