Foxconn Greenlights $2.2 Billion Investment in India, US.

Foxconn, the Taiwanese electronics manufacturing giant and primary iPhone assembler for Apple, has reportedly secured regulatory approval for over $2.2 billion in new investments aimed at bolstering its operations in India and the United States. The approvals, granted by Taiwan's Ministry of Economic Affairs' Department of Investment Review, signal a significant expansion of the company's global footprint.

Among the cleared proposals is a substantial $1.49 billion investment intended to increase capital in Foxconn Singapore Pte Ltd, a key subsidiary. This Singaporean entity is then slated to inject these funds into Yuzhan Technology (India) Pvt Ltd, another Foxconn subsidiary operating in India, according to reports from news agency Focus Taiwan.

This strategic move underscores Foxconn's continued commitment to diversifying its manufacturing capabilities and expanding its presence in crucial markets outside of China. The investment in India, in particular, aligns with a broader industry trend of shifting production to the South Asian nation.