Even though Apple, the biggest name in the smartphone world, has set the bar again with the iPhone 14, it continues to grapple with problems. The company has dealt with many problems from the production stage of the series until today. Thinking that the main source of this is China, Apple is in search of a new one.
Foxconn invests $500 million in India
It is known that Apple wants to leave China in the medium and long term. It was said that the company would switch its production line to India. Details continue to emerge. Foxconn, Apple’s largest manufacturer, is increasing its investments for India. According to Techcrunch, the company will invest $500 million in the country.
With this investment, Foxconn will expand its facility in India. In addition, Apple will quadruple its workforce here in the long run. The investment was displayed on a Taiwanese stock exchange on December 8, 2022. Foxconn will place the investment in the operation of Hon Hai Technology India Mega Development Private Limited.
Things are not going well in Apple’s China division. The Foxconn factory in China is cited as the heart of Apple when it comes to iPhone production. However, production has stopped many times due to the “zero tolerance for coronavirus” policy implemented in China. Apple is considering making this investment to reduce addiction.
Especially the events that took place in China in the last few days would have carried the patience of the Apple company. Wanting to close the gap, the factory asked workers to stay on the production line before the holiday season. However, employees reacted to this mandatory situation. Foxconn faced protests when the company did not take a step back in the face of the backlash.
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