Foxconn to Mass Produce iPhones in India

Joanna Estrada
April 16, 2019

Foxconn assembles most of its products in mainland China but many of its gadgets are sold in the United States, leaving it vulnerable to market fallout from the ongoing US-China trade war. Terry Gou, the group Chairman of the Taiwanese manufacturing company, said Prime Minister Narendra Modi invited him to India. It was reported earlier this month that Foxconn will start trials of producing iPhone X and iPhone 7 in India before launching a full-scale assembly in its factory in Chennai. "We have moved our production lines there". "India is still an emerging smartphone market, it has a lot of potential domestically and could serve as an export hub for the region".

Gou also said on Monday that he plans to step back from daily operations to focus on broader strategy.

A report says that the founder and chairman of Foxconn is ending his tenure with the company which has made plans for a multi-billion dollar investment in Wisconsin.

It's not yet clear how Apple's steps into India will affect its China operations.

There are two assembly sites of Foxconn in Andhra Pradesh and Tamil Nadu, where it also manufactures Xiaomi and Nokia devices. Foxconn, a Taiwanese electronics manufacturer that now builds Apple iPhones, Amazon Kindles and Echo Dots at their factories in China will manufacture LCD screens at the Wisconsin facility.

Also known by its official name Hon Hai Precision Industry, the firm is the world's biggest contract electronics maker and assembles Apple's iPhones as well as gadgets for other global brands.

When asked about his retirement plan at a shareholder meeting previous year, Gou said he would not step down until the company's share price hit Tw$200 ($6.49).

"We are the primary assembler after all", Gou said on Monday. Due to Chinese competitors like Xiaomi offering advanced features at lower prices, Apple is losing its market share in the country.

This story has been published from a wire agency feed without modifications to the text.

Other reports by Click Lancashire

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