
Foxconn invests $1.5 billion to expand iPhone production in India
Foxconn has invested another $1.5 billion (about ₹12,500 crore) in India as it looks to expand its presence outside China. The investment comes through Foxconn’s Singapore-based arm, which has bought 12.7 billion shares in its Indian unit, Yuzhan Technology India. Yuzhan makes smartphone components in Tamil Nadu and is a key part of Apple’s iPhone…