By Aditya Kalra, Munsif Vengattil and Arpan Chaturvedi NEW DELHI (Reuters) - A merger of Walt Disney's India unit and billionaire Mukesh Ambani's medi.
The Taiwan-based company, which assembles around 70% of iPhones and is the world’s largest contract manufacturer, has been diversifying production away from China following covid-19 disruptions and geopolitical tensions.
The Taiwan-based company, which assembles around 70% of iPhones and is the world's largest contract manufacturer, has been diversifying production away from China following COVID-19 disruptions and geopolitical tensions. It has rapidly expanded its presence in India over the past year by investing heavily in manufacturing facilities in the south of the country. In Karnataka state itself, the company announced in August an investment of $600 million in two projects to make casing components for iPhones and chip-making equipment.
BENGALURU (Reuters) - Taiwan's Foxconn has cancelled the first shift on Tuesday at its Indian facility that makes Apple iPhones following weather disr.
Taiwan s Foxconn
has cancelled the first shift on Tuesday at its Indian facility
that makes Apple iPhones following weather disruptions,
two sources familiar with the matter said. .