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.
