IT Home December 25 news, according to Taiwan's Economic Daily, Hon Hai issued an announcement on the 24th that it spent 350 million US dollars (about 2.23 billion yuan) to increase the capital of the Indian subsidiary.
According to the report, the outside world believes that Hon Hai is mainly expanding production capacity, which will increase the production of the latest Apple iPhone 13 smartphone in India and continue to expand the territory of the Indian market.
Previously, it was reported that Apple recently began trial production of iPhone 13 at Hon Hai's Foxconn factory near Chennai, India, to improve the manufacturing capacity of iPhones in India, and is expected to start mass production in February next year for the needs of India's domestic market and exports. Apple's ultimate goal is to produce most of the best-selling models in India in the future.
IT Home learned that Taiwan media pointed out that Hon Hai's expansion plan will help Apple strengthen its influence in the Indian market and increase its ability to supply the global market. Currently, about 20 to 30 percent of Apple's iPhone production in India is exported, and about 70 percent of the phones Apple sells in India are made locally in India.
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