May 20 2025 – A strategic investment move by Foxconn Technology Group, Apple’s primary iPhone assembler, has surfaced following regulatory disclosures. The Taiwan-based electronics giant confirmed through Monday’s stock exchange filings that its Singapore-based subsidiary has injected $1.5 billion into its Indian operations, a maneuver aimed at scaling production capacity across its southern Indian manufacturing facilities. The company declined to elaborate on the expansion plans when contacted for official comment.
Foxconn’s sprawling complex near Chennai serves as the linchpin for Apple’s iPhone assembly operations in India, where labor costs and tariff incentives have made the country a pivotal production hub. The move comes as competition intensifies among suppliers vying for Apple’s regional contracts. Notably, Tata Group’s electronics division has emerged as a formidable player after acquiring Wistron Corp.’s Indian assets and taking operational control of Pegatron Corp.’s local factories, diversifying Apple’s supply chain ecosystem.
Market analysts tracking Apple’s production data reveal a meteoric rise in India-assembled device values. Over the 12-month period ending March 2025, iPhones manufactured in India reached a staggering $22 billion valuation—a nearly 60% year-over-year surge driven by robust demand for premium smartphones and Apple’s deliberate pivot toward diversifying its global manufacturing footprint. Industry observers attribute this growth to India’s rising consumer base, geopolitical trade dynamics, and the government’s production-linked incentive schemes targeting electronics manufacturing.
The capital infusion by Foxconn aligns with broader industry trends of de-risking supply chains from geopolitical uncertainties while tapping into India’s burgeoning engineering talent pool. As Apple continues expanding its “Made in India” portfolio, the competition between Foxconn, Tata, and other contract manufacturers is poised to reshape the country’s role in global tech manufacturing.
