Foxconn invests another $500 million in India business • TechCrunch

Foxconn is investing another $500 million in its India business as it ramps up its plans to expand its chipmaking factories in the South Asian market that is slowly becoming a key hardware base for Apple.

In a stock exchange filing in Taiwan on Thursday, Foxconn said its Singapore subsidiary will deploy the capital.

The move follows Foxconn, also known as Hon Hai, picking up pace to expand its smartphone production capacity in India as key partner Apple begins locally producing the current generation iPhone units in the country.

(More to follow)


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