NEW DELHI - Foxconn plans to invest up to US$1 billion to expand a factory in southern India where the Taiwanese contract manufacturer assembles Apple iPhones, two sources said.
Foxconn said it does not comment on matters related to customers, while Apple did not respond to a request for comment. Taipei-headquartered Foxconn will add some 6,000 jobs at the Sriperumbur plant in Tamil Nadu state under the plan, one of the sources said. It also operates a separate plant in the southern Indian state of Andhra Pradesh, where it makes smartphones for China's Xiaomi, among others.
Building more phones in India will also help Apple save on import taxes that further push up its prices.
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