Taiwanese electronics giant Foxconn has received regulatory approval from Taiwan’s Ministry of Economic Affairs (MOEA) to invest over $2.2 billion in India and the United States, marking a major step in its global diversification strategy amid ongoing US-China trade tensions.
India: Strengthening Apple’s Supply Chain
A significant portion—$1.49 billion—will be routed through Foxconn Singapore Pte Ltd into Yuzhan Technology (India) Pvt Ltd, a Foxconn subsidiary. The funds will support the construction of a new iPhone manufacturing facility in Sriperumbudur, Tamil Nadu, as part of Apple’s broader plan to shift a large share of its production for the US market to India by mid-2026.
Foxconn aims to produce 25–30 million iPhones in India this year, more than doubling last year’s output.
US: Data Center and Server Assembly Push
The remaining $735 million will be used to establish Project ETA (DE) LLC, a new US-based company focused on data center module production and server assembly operations, further expanding Foxconn’s footprint in the high-tech infrastructure space.
Strategic Shift from China
The dual investments reflect Foxconn’s ongoing efforts to diversify its manufacturing base beyond China. The company currently operates 223 factories and offices across 24 countries, including 12 in India and 54 in the Americas.
“This is a strategic realignment to support Apple’s supply chain resilience and Foxconn’s global expansion,” said industry analysts.
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