- The announcement comes in the backdrop of Foxconn’s ongoing expansion in the manufacturing operations across India
- The new manufacturing lines in India also underscore how Apple seeks to ramp up the sales of the iPhone in a vastly untapped market
China’s Foxconn has reportedly announced that it would commence mass manufacturing of iPhones in India this year. As per trusted sources, Foxconn’s Founder and Chairman Terry Gou made the announcement at an event in Taipei on Monday.
Reportedly, Gou also stated that he plans to take a step back from the day-to-day functioning of the company, focusing on long-term strategy and making room for younger management to run the world’s leading electronics contract manufacturer.
According to a report by South China Morning Post, Gou’s announcement comes in the backdrop of Foxconn’s ongoing expansion in the manufacturing operations across India, which is the world’s second biggest smartphone market. Foxconn – regarded as China’s largest private employer – is also focused on foraying into new hi-tech fields including autonomous driving and artificial intelligence.
Reportedly, Gou stated at the same event in Taipei that his company will commence mass production of Apple’s iPhone in India from this year, which would get Foxconn more deeply engaged in the development of the nation’s smartphone market.
The new manufacturing lines in India also underscore how Apple – the biggest customer of Foxconn – sought to increase sales of the iPhone in a vastly untapped industry, where it also faces tough competitors like Xiaomi Corp and Huawei Technologies that have outpaced the US company in China.
For the record, Foxconn was founded in 1974 as a low-end plastic parts manufacturer. The company moved into connectors for personal computers in the 1980s which helped it in establishing crucial partnerships with early computer manufacturers of the U.S. like Dell and Compaq (which later merged with Hewlett Packard).