35.6 C

Apple supplier Foxconn planning $200 million factory in India to manufacture AirPods

Foxconn, a Taiwanese contract manufacturer, has won an order to manufacture Apple Inc’s AirPods and plans to build a factory in India to produce the wireless earphones.

Foxconn, the world’s largest contract electronics manufacturer and assembler of approximately 70% of all iPhones, will become an AirPod supplier for the first time, highlighting the company’s efforts to diversify production away from China. AirPods are currently manufactured by a number of Chinese companies.

According to one source, Foxconn will invest more than $200 million in the new India AirPod plant in Telangana, a southern Indian state. The value of the AirPod order was not immediately clear.

Foxconn officials debated whether to assemble AirPods for months due to the device’s relatively lower profit margins, but ultimately decided to go ahead with the deal to “reinforce engagement” with Apple.

- Advertisement -TechnoSports-Ad

Apple requested the decision to establish production in India.

credit: reuters

To win more orders from Apple, the world’s most valuable company, Foxconn competes with Taiwanese rivals such as Wistron Corp and Pegatron Corp. Foxconn Interconnect Technology Ltd, a subsidiary, plans to begin construction of a manufacturing facility in Telangana in the second half of this year and begin production by the end of 2024 at the earliest.

Apple and its key suppliers have shifted production away from China, where strict COVID-19 restrictions disrupted Foxconn’s largest iPhone factory last year. They are also attempting to avoid the potential economic impact of rising Sino-US trade tensions.

Foxconn announced on Wednesday that it would increase its investment outside of China in order to meet customer demand and reduce its reliance on China for production. It was unclear whether Foxconn’s production plans would affect current AirPod suppliers, such as Luxshare Precision Industry.

- Advertisement -TechnoSports-Ad

Buy Apple AirPods: https://amzn.to/3loBoVs

Also Read:



Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Nivedita Bangari
Nivedita Bangari
I am a software engineer by profession and technology is my love, learning and playing with new technologies is my passion.



Related Stories

More from author

The list of Airtel SMS packs as of June 12, 2024

Check out the list of Airtel SMS packs, including costs and validity information. We have shared a list of Airtel SMS recharge plans that...

My Jio Recharge Plans as of June 12, 2024: Top trending plans from Jio

My Jio Recharge Plans: Since its establishment in 2016, Reliance Jio has made a remarkable impact on the Indian te­lecommunications industry. The company has...

The Best Recharge Plan for Jio as of 12th June 2024

Best Recharge Plan for Jio in 2024: The Ultimate Guide In the past few months, Jio has introduced and tweaked a slew of new...

The best sites for JPEG compression Online as of 2024 (June 10)

Best sites for JPEG compression: In a nutshell, image optimisation can improve on-page SEO by increasing page load speed. In contrast, a media-heavy web...