Robert Besser
19 Mar 2023, 23:02 GMT+10
TAIPEI, Taiwan: Reuters reported that after winning an order to manufacture wireless AirPods earphones for Apple for the first time, Taiwanese company Foxconn is planning to build a factory in India.
As AirPods are currently made by various Chinese suppliers, the deal between Apple and Foxconn, the world's largest contract electronics maker and assembler of some 70% of all iPhones, highlights the overall direction to shift production away from China.
Foxconn will invest more than $200 million in the new India AirPod plant in the southern state of Telangana, the report said, adding that for some months, Foxconn officials had debated whether to assemble AirPods due to their relatively lower profit margins, but decided to do so as the deal will "reinforce engagement" with Apple.
Foxconn and fellow Taiwanese rivals, such as Wistron and Pegatron, are in competition to win more orders from Apple, the world's most valuable company.
Foxconn Interconnect Technology Ltd., a subsidiary of the company, aims to construct a manufacturing plant in Telangana in the second half of 2023, which is to begin production by the end of 2024.
Get a daily dose of Middle East Star news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Middle East Star.
More InformationLONDON, UK: This week, Adidas' newest running shoes, the Adizero Adios Pro Evo 1, went on sale for US$500. Worn ...
© Provided by Xinhua World Trade Organization data show that in 2022, China was the world's largest exporter of clothing.LONDON, ...
© Provided by Xinhua BEIJING, Sept. 29 (Xinhua) -- In an automotive workshop spanning an area equivalent to 16 soccer ...
New Delhi [India], September 29 (ANI): The Rs 2,000 denomination banknote will cease to have its value after Saturday and ...
Washington, DC [US], September 29 (ANI): Reiterating the need for reforms in the United Nations, External Affairs Minister S Jaishankar ...
Antagonism between the two expected candidates for US president in 2024 is ramping up as the political battleground turns increasingly ...
MANILA, The Philippines: The Philippines remains steadfast in its resolve not to yield to Chinese efforts to obstruct its fishermen ...
VICTORIA, Texas: This week, U.S. District Judge Drew Tipton in Victoria, Texas, ruled that President Joe Biden did not have ...
WASHINGTON D.C.: The National Transportation Safety Board (NTSB) said it is investigating a JetBlue flight on Monday that experienced sudden ...
SEOUL, South Korea: Marking a tougher stand against North Korea, South Korea held its first large-scale military parade in over ...
WASHINGTON D.C. After hundreds of deaths overseas from contaminated cough syrups, the U.S. Food and Drug Administration (FDA) has cracked ...
EL PASO, Texas: Over the weekend, Oscar Leeser, Mayor of El Paso, said that the surge in migrants crossing the ...