Apple’s largest assembler, Foxconn, is further anchoring its supply chain in India by investing ?127.74 billion (US$1.5 billion) to buy 12.77 billion shares in its Tamil Nadu unit, Yuzhan Technology India. This capital infusion follows Apple’s ramp-up of local production—exporting roughly 600 tons of iPhones valued at US$2 billion to the U.S. in March—as brands seek to sidestep Trump-era tariffs on Chinese exports.
Strengthening the India Hub
Foxconn’s fresh equity purchase by its Singapore-based arm underscores India’s growing appeal as a low-tariff manufacturing base. With the iPhone maker diversifying assembly lines, Yuzhan will expand component output and final assembly capacity, reducing lead times and hedging against further Sino-U.S. trade frictions.
Financial and FX Considerations
Investors eyeing the cost impact of rupee?denominated capex can monitor live USD/INR rates via FMP’s Forex Daily API, which delivers end-of-day and intraday currency pairs for over 30 FX markets. Meanwhile, Apple’s solid balance sheet—backed by a AAA corporate rating and US$50 billion in cash and equivalents—provides the financial muscle to underwrite supply-chain shifts without straining margins, as shown in FMP’s Company Rating & Information API.
Foxconn’s ?1.5 billion commitment not only cements India’s role in global electronics production but also signals confidence that local incentives and lower reciprocal tariffs will drive the next wave of smartphone manufacturing.