Foxconn to invest $500 million in Telangana, likely to manufacture Apple AirPods

Foxconn's $500 million investment will create 25,000 jobs in the first phase, K. T. Rama Rao said in a tweet.

Published By: Shweta Ganjoo | Published: May 15, 2023, 02:54 PM (IST)

Highlights

  • Foxconn will invest $500 million in Telangana.
  • Foxconn will set up a manufacturing plant in Kongar Kalaan.
  • Foxconn is likely to manufacture Apple AirPods there.

Apple Inc supplier Foxconn will invest $500 million to set up manufacturing plants in the southern Indian state of Telangana, the state's IT minister said on Monday. Also Read: Apple may launch its biggest iPhone display yet in 2027

The investment will create 25,000 jobs in the first phase, K. T. Rama Rao said in a tweet. Also Read: iPhone 18 Pro, iPhone Ultra release date: When can we expect Apple's next flagship?

Reuters in March reported that Foxconn had won an order to make AirPods for Apple and planned to build a factory in India to manufacture the products. Also Read: Siri AI beta now available: 7 new features every iPhone user should try

Apple has been shifting production away from China, where prior COVID restrictions disrupted the manufacturing of new iPhones and other devices. The tech company is also looking to avoid a hit to its business due to tensions between Beijing and Washington.

Foxconn in late March received approval from the Karnataka government for a $968 million investment in the state.

-- Reuters

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