Apple Supplier Foxconn to Start iPhone Production in Bengaluru Plant by April 2024

Apple has been shifting production away from China after the country's strict COVID-related restrictions disrupted iPhone production.

Apple Supplier Foxconn to Start iPhone Production in Bengaluru Plant by April 2024

Photo Credit: Reuters

Foxconn is the world's largest contract electronics manufacturer

Highlights
  • The Bengaluru factory project is valued at Rs. 130 billion
  • Foxconn's Devanahalli plant is expected to create around 50,000 jobs
  • It set a target of manufacturing 20 million iPhones a year at the plant
Advertisement

Apple supplier Foxconn will start manufacturing iPhones in the southern Indian state of Karnataka by April 2024, the state government said on Thursday.

The land for the factory would be handed over to Foxconn by July 1, the government said, adding that the project, valued at Rs. 130 billion, is expected to create around 50,000 jobs.

Foxconn, the world's largest contract electronics manufacturer, has set a target of manufacturing 20 million iPhones a year at the plant in Devanahalli, on the outskirts of the state capital and tech hub Bengaluru.

Apple has been shifting production away from China after the country's strict COVID-related restrictions disrupted the production of new iPhones and other devices in the country. The tech giant is also looking to avoid a hit to its business due to tensions between Beijing and Washington.

A spokesperson for Foxconn did not immediately respond to a request for comment from Reuters.

Meanwhile, some applicants including Vedanta Foxconn JV are expected to re-apply for government incentives under the modified semiconductor scheme opening from June 1, according to sources. Under the Modified Semicon India Programme, the government has increased the financial incentive of 50 percent of the project cost for companies, consortia, joint ventures for setting up semiconductor fabs in India of any node (wafer size).

In the old scheme, the incentives varied on the basis of wafer node size.

Similarly, a fiscal incentive of 50 percent of the project cost is available for setting up of display fabs of specified technologies in India, a statement said on Wednesday.

© Thomson Reuters 2023


Apple is opening its first stores in India, one in Mumbai and the other in Delhi. What does this mean for Apple customers in India? We discuss this and more on Orbital, the Gadgets 360 podcast. Orbital is available on Spotify, Gaana, JioSaavn, Google Podcasts, Apple Podcasts, Amazon Music and wherever you get your podcasts.

(This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)

Affiliate links may be automatically generated - see our ethics statement for details.
Comments

For the latest tech news and reviews, follow Gadgets 360 on X, Facebook, WhatsApp, Threads and Google News. For the latest videos on gadgets and tech, subscribe to our YouTube channel. If you want to know everything about top influencers, follow our in-house Who'sThat360 on Instagram and YouTube.

Motorola Razr 40 Ultra With Snapdragon 8+ Gen 1 SoC, 3.6-Inch Cover Display Launched; Razr 40 Tags Along
Facebook Gadgets360 Twitter Share Tweet Snapchat LinkedIn Reddit Comment google-newsGoogle News

Advertisement

Follow Us
© Copyright Red Pixels Ventures Limited 2024. All rights reserved.
Trending Products »
Latest Tech News »