Foxconn to assemble Apple iPhones in India next year

Earlier this week, rumors suggested Apple and Foxconn are moving the production of 2019 iPhones from China to India. Today, Reuters confirmed the Taiwanese supplier and contractor will use its plant in Sriperumbudur, a town in the southern state of Tamil Nadu. The state's Industries Minister M C Sampath said the plant is already used for making Xiaomi phones, but Foxconn will invest $356 million in expanding the product line to meet the orders by Apple. Such an investment may create as many as 25,000 jobs in the region, he added.