(New Delhi / Tokyo Comprehensive News) People familiar with the matter said that Apple's partner Foxconn Technology Group plans to invest in about $ 700 million (about 943 million yuan) in India to build new factories to increase the local output.
According to Bloomberg News on Friday (March 3), anonymous insiders said that Foxconn's new factory proposed by Foxconn is close to the capital of Bandgarore, the capital of Kanatak, South India.The electric vehicle business produces some components.
The new factory is expected to create 100,000 jobs. It is one of Foxconn's largest single investment in India, highlighting that China faces the risk of losing its status in the world's largest consumer electronics production country.This also shows that with the increasingly tense Sino -US relations, Apple suppliers may transfer production capacity out of China to be faster than expected.
However, people familiar with the matter said that it is not clear whether Foxconn's new Indian factory represents new capacity, or the production capacity transferred from other places such as Chinese factories.
According to the Japanese Economic News on Friday, in the context of strengthening the awareness of geopolitical risk in Japan, the trade giant Sumitomo Corp hopes to promote the rare earth supply chain to Sinicize, and the rare earth smelting and pure purity undertaken by Chinese enterprises beforeThe procedures are completed by US and Southeast Asian companies.
