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The Hindu
The Hindu
National
AFP

iPhone maker Foxconn buys huge site in Devanahalli

Taiwanese electronics giant Foxconn has bought a huge tract of land on the outskirts of Bengaluru, the key Apple supplier said in a filing on Tuesday (May 9) as it looks to diversify production away from China.

Also known by its official name, Hon Hai Precision Industry, Foxconn is the world's biggest contract electronics manufacturer and a principal assembler of Apple iPhones.

Both companies are seeking to shift manufacturing away from China after strict COVID-19 policies, a bout of industrial unrest and ongoing diplomatic tensions with the United States hurt production.

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