India iPhone production will be boosted by $1.5B Foxconn investment

Foxconn has made a $1.5 billion investment into its India arm, a move that will almost certainly fund its expansion of iPhone production in the country.A Foxconn factory signIndia is growing as a production base for iPhones, as Apple diversifies its supply chain away from a China-centric model. Expanding in India requires resources, and one supply chain member is contributing more.Hon Hai, also known as Foxconn, is investing $1.5 billion in its India business. In a stock exchange filing seen by Bloomberg on Monday, the investment is being made via the company's subsidiary in Singapore. Continue Reading on AppleInsider | Discuss on our Forums