Foxconn

Foxconn’s manufacturing hub in Karnataka is rapidly becoming a strategic asset in Apple’s global supply chain, as final evaluations for June shipments are now underway. A senior executive from Apple’s Cupertino headquarters recently visited Tata Electronics’ unit in Devanahalli to assess its readiness for upcoming product launches. Once fully operational, this new facility is poised to become Foxconn’s second-largest iPhone manufacturing site globally, after its China-based operation.

In a strategic shift to mitigate the impact of U.S. tariffs on Chinese-made products, Foxconn has dramatically altered its iPhone export strategy, with nearly all devices being shipped from India to the U.S. between March and May 2025. The change is part of Apple’s broader effort to circumvent the high tariffs imposed on products manufactured in China, following trade tensions between the U.S. and China.

In a strategic move to strengthen India's semiconductor ecosystem, the Union Cabinet has approved a joint venture between HCL and Foxconn to establish a semiconductor fabrication unit in Jewar, Uttar Pradesh. With a projected investment of Rs. 3,706 crore, the plant will focus on producing display driver chips used in mobile devices, automobiles, and laptops. The project is expected to generate 2,000 jobs and produce 20,000 wafers monthly. Meanwhile, Jain Irrigation Systems has swung back to profitability, reporting a net profit of Rs.

The Uttar Pradesh government, in collaboration with Foxconn, is in early-stage discussions to establish an electronics manufacturing unit in the state. These talks come as part of the government's broader efforts to enhance the state’s manufacturing landscape and support the rapidly growing mobile phone production industry. The proposed unit, to be located in the Yamuna Expressway Industrial Development Authority (YEIDA) area, could drive economic growth, create thousands of jobs, and further solidify India’s position as a global mobile manufacturing hub.