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AFP News

Taiwan's Foxconn Plans To Invest $1.54 Bn More In India

Foxconn India Apple Young Liu

Taiwanese tech giant and key Apple supplier Foxconn is planning an additional $1.54 billion investment in India. (Credit: AFP)

Taiwanese tech giant and key Apple supplier Foxconn is planning an additional $1.54 billion investment in India for "operational needs", as it seeks to diversify production away from China.

The firm -- also known by its official name Hon Hai Precision Industry -- is the world's biggest contract electronics manufacturer and assembles devices for many companies, most notably Apple's iPhones.

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