Tata Electronics has commenced production of older iPhone models at its new facility in Hosur, Tamil Nadu. This move is part of Apple’s strategy to reduce reliance on China amid escalating U.S.-China trade tensions. Foxconn’s upcoming $2.6 billion factory in Bengaluru is expected to start trial production of the iPhone 16 series shortly. India currently accounts for about 18% of global iPhone production, with plans to increase this share in the coming years.Reuters
Why this matters: Diversifying production locations can help companies mitigate geopolitical risks and supply chain disruptions.
Source: Reuters
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