Apple supplier Foxconn reportedly outlined plans to invest $1.5 billion in India, as part of moves to increase iPhone production in the country.
In a stock exchange filing seen by Bloomberg, Foxconn stated it was making the outlay through its subsidiary in Singapore, which has already invested significantly in upping production capacity in India.
Details about the investment or how it would be spent was not revealed in the filing.
Apple is looking to India to help shield it from US tariffs on China, with a plan to apparently assemble all of its iPhones for the US market in the country by the end of 2026, amounting to more than 60 million units. If it was to hit that goal, it would double its current India output.
Currently, the bulk of iPhones made in India are assembled in the south of the country, at one of Foxconn’s plants. Bloomberg reported Foxconn assembled $22 billion worth of iPhones in the country in the year ending March 2025.
However, Apple is facing opposition from US President Donald Trump, who last week hit out at CEO Tim Cook about the push in India. Trump told Cook he was not interested in Apple “building in India” and it should instead focus on the US.
In response, Trump claimed Cook said Apple had plans to up its production capacity in its home market, however this remains unconfirmed.