Foxconn Invests big on equipment for iPhone 16 Pro production in India
Taiwanese electronics major Foxconn has imported around Rs 267 crore's worth of equipment for its Indian factory to start producing the iPhone 16 Pro Series at its Tamil Nadu facility, reports said. This will be the first time that Apple's premium iPhone Pro series is manufactured outside of China.
Hon Hai Precision Industry Co. Ltd., trading as Hon Hai Technology Group in China and Taiwan, and known as Foxconn Technology Group internationally, is a Taiwanese multinational electronics contract manufacturer established in 1974 with headquarters in Tucheng District, New Taipei City, Taiwan.
In 2023, the company's annual revenue reached 6.16 trillion New Taiwan dollars (US$192 billion) and was ranked 20th in the 2023 Fortune Global 500. It is the world's largest contract manufacturer of electronics. While headquartered in Taiwan, the company earns the majority of its revenue from assets in China and is one of the largest employers worldwide. Terry Gou is the company founder and former chairman.
Foxconn manufactures electronic products for major American, Canadian, Chinese, Finnish, and Japanese companies. Notable products manufactured by Foxconn include the BlackBerry, iPad, iPhone, iPod, Kindle, all Nintendo gaming systems since the GameCube, Nintendo DS models, Sega models, Nokia devices, Cisco products, Sony devices (including most PlayStation gaming consoles), Google Pixel devices, Xiaomi devices, every successor to Microsoft's Xbox console, and several CPU sockets, including the TR4 CPU socket on some motherboards. As of 2012, Foxconn factories manufactured an estimated 40 per cent of all consumer electronics sold worldwide.
conn said, "Subsidiary Foxconn Hon Hai Technology India Mega Development Private Limited announces obtaining of machinery equipment" with a total transaction amount of '$ 31,804,528.45' from 'APPLE OPERATIONS LIMITED'.
Sources claim that Foxconn has built this to increase manufacturing capacity at its Tamil Nadu plant for the iPhone 16 Pro series. Apple had earlier this month announced plans to begin its first "made in India" iPhone 16 Pro and iPhone 16 Pro Max variants. Deliveries are likely to start from the last week of this month or early November.
