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Foxconn Buys $32.3 Million of Apple Equipment to Boost India iPhone Output

The Taiwanese manufacturer aims to double production capacity as Apple reduces China dependency
Taiwan
f 2317.TW Blue Chip 150 OM 60 Tech 350
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Foxconn is ramping up iPhone manufacturing in India as Apple intensifies efforts to diversify its supply chain beyond China. The Taiwanese contract manufacturer announced its subsidiary has acquired $32.3 million worth of equipment from Apple, signaling preparations to double iPhone production in India to 25-30 million units in 2025 compared to approximately 12 million assembled last year.

The equipment acquisition by Foxconn Hon Hai Technology India Mega Development Private Limited comes as Apple continues expanding operations in India with plans to manufacture 25% of its total iPhone production in the country by 2028. Market analysts view the transaction as part of Apple’s strategic shift to reduce reliance on China amid geopolitical tensions.

Foxconn has been conducting trial runs at its Bengaluru facility over recent months to ensure production meets Apple’s quality standards. The company’s existing operations in India already manufactured approximately 67% of all iPhones produced in the country last fiscal year, when Apple’s iPhone production value in India reached $14 billion.

The expansion aligns with India’s manufacturing incentives, which include removing import duties on smartphone components to enhance local production capabilities. For Apple, which has historically concentrated manufacturing in China, the accelerated shift represents both a supply chain recalibration and an effort to strengthen its position in India’s growing market.

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