Apple Supplier Foxconn Said to Plan $200 Million Factory in India After Winning AirPods Order
Taiwanese contract manufacturer Foxconn has won an order to make AirPods for Apple and plans to build a factory in India to produce the wireless earphones, two people with direct knowledge of the matter told Reuters. The deal will see Foxconn , the world's largest contract electronics maker and assembler of around 70 percent of all iPhones, become an AirPods supplier for the first time and underlines efforts by the key Apple supplier to further diversify production away from China. AirPods are currently made by a range of Chinese suppliers. One source said Foxconn will invest more than $200 million (roughly Rs. 1,650 crore) in the new India AirPods plant in the southern Indian state of Telangana. It wasn't immediately clear how much the AirPods order would be worth. The person, who requested anonymity as the matter was not public yet, said Foxconn officials had debated internally for months about whether to assemble AirPods due to relatively lower profit margins on making ...