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Apple assembler Foxconn to invest $1.5 billion in India

  • Foxconn, a major Apple assembler, plans to invest $1.5 billion in its India unit to expand iPhone manufacturing outside of China.
  • The investment aims to mitigate supply chain concerns and higher iPhone prices due to U.S. President Donald Trump's tariffs on China.
  • Apple is using India as an alternative manufacturing base, reducing the risk associated with centralized production in China.
  • Foxconn's India unit in Tamil Nadu manufactures electronic components and assembles Apple's iPhones.

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