iPhone unit to come up in Bengaluru

Though neither the state government nor Foxconn disclosed the investment amount, industry sources said it will entail an investment of $700 million.

Foxconn currently manufactures iPhones in Tamil Nadu under the production-linked incentive (PLI) scheme. Two other contract manufacturers of Apple make iPhones in India under the PLI scheme: Pegatron in Tamil Nadu and Wistron in Karnataka.

Apple has been shifting production away from China after the country’s strict Covid-related restrictions disrupted the manufacturing of new iPhones and other devices in the country and also to avoid a big hit to its business from tensions between Beijing and Washington. With Reuters inputs