Foxconn plans to quadruple the workforce at the iPhone factory it maintains in India in two years, two Indian government officials said at a time when the company faces disruptions to assembly lines in China.
Covid-19 restrictions at Foxconn’s Zhengzhou factory led Apple to lower sales forecast for premium iPhone 14 models this week, impacting the company’s outlook for the holiday season.
Taiwan-based Foxconn now plans to increase the workforce at the factory it maintains in southern India to 70,000 employees, representing an addition of an additional 53,000 workers over the next two years, the sources said.
While the size of the factory in the Indian state of Tamil Nadu is smaller than the Chinese unit in Zhengzhou, which employs 200,000 workers, the facility is critical to Apple’s efforts to shift production from China.
Representatives for Foxconn and Apple declined to comment.
On October 27, Tamil Nadu’s investment promotion arm wrote on Twitter that senior government officials had traveled to Taiwan and met Foxconn chairman Liu Young-way. They “discussed in detail Foxconn’s plans for new ventures and investments” and offered government support.
Currently, iPhones are assembled in India by at least three of Apple’s global suppliers: Foxconn and Pegatron in Tamil Nadu; and Wistron in the neighboring state of Karnataka.
JP Morgan analysts estimated in September that Apple could make one in four iPhones in India by 2025, and that 25% of all the company’s products — including computers, iPads, Apple Watch and AirPods — will be made outside China by 2025. , compared to the current level of 5%.
Source: CNN Brasil
Joe Jameson, a technology journalist with over 2 years of experience, writes for top online news websites. Specializing in the field of technology, Joe provides insights into the latest advancements in the industry. Currently, he contributes to covering the world stock market.
