Apple assembler Foxconn invests $500 million in India in shift from China

Apple biggest assembler, Foxconn Technology Group, is planning to invest close to $500 million to build two component factories in India as part of a steady diversification from China.
The logo of electronics contract manufacturer Foxconn Technology Group, formally known as Hon Hai Precision Industry, is displayed at its headquarters in Taipei. Photo: Agence France-Presse
Sankalp Phartiyal for Bloomberg News:At least one of the factories that the Taiwanese company plans to construct in the south