Government
Foxconn gets nod for $435M project to make more of Apple chips in India, eventually
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Foxconn, a key manufacturer for Apple, has received an approval from India’s cabinet to build a new 37 billion Indian rupees ($435 million) semiconductor plant in a joint venture with the country’s IT giant HCL Group. The deal is the latest move to reduce Apple’s reliance on China and produce more components in India.
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