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Foxconn invests $500M in India business as Apple reconsiders China production
Apple has invested ‘heavily’ in China as their best friend: Michael Pillsbury
Hudson Institute Chinese Strategy director Michael Pillsbury explores the reports about Apple moving production out of China on ‘Fox Business Tonight.’
Apple’s main iPhone manufacturer Foxconn has expanded its efforts to cut its dependency on China and invested $500 million this week to bolster an existing plant in India.
The investment revealed in a Taiwan stock exchange filing Thursday, shows that Foxconn is investing more heavily in its Hon Hai Technology India Mega Development Private Limited operation, a Bloomberg reporter first announced.