Foxconn Boosts India Bet with $1.5 Billion Infusion
Chief supplier to Apple, Foxconn, is continuing to expand in India with another new investment amounting to $1.5 billion, indicating, against a backdrop of escalating tensions, Foxconn’s plans to raise its commitment to diversifying production away from China. The funds come through Foxconn’s Singapore-domiciled subsidiary, which has injected 12.7 billion shares of its Indian arm,…
Abdullah Ansari