Foxconn to set new factory in Telangana
Taiwanese contract manufacturer Foxconn has bagged a major order from Apple to make AirPods. The firm plans to build a factory in India to produce wireless earphones. This deal will see Foxconn, the world’s largest contract electronics maker and assembler of around 70 percent of all iPhones, become an AirPod supplier for the first time and underlines efforts by the key Apple supplier to further diversify production away from China.
Foxconn will invest more than USD 200 million in the new India AirPod plant to be based at Telangana. A subsidiary, Foxconn Interconnect Technology, plans to start construction of a manufacturing facility in Telangana in the second half of this year and begin production by the end of 2024.
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