Apple(US:AAPL) Feng Huang Wang·2025-05-23 01:51Core Viewpoint - Apple is expanding its supply chain in India through a $1.5 billion investment by its main supplier, Foxconn, to build a display module factory near Chennai, despite political pressure to bring manufacturing back to the U.S. [1][2] Group 1: Investment and Expansion - Foxconn plans to invest $1.5 billion to construct a display module factory in Tamil Nadu, India, which will supply components for Apple [1][2] - The Tamil Nadu government approved an investment of ₹131.8 billion (approximately $1.54 billion) for the assembly plant, which is adjacent to Foxconn's existing iPhone factory in Chennai [1][2] Group 2: Strategic Shift - Apple aims to diversify its production by shifting more manufacturing to India, with plans to supply all 60 million iPhones sold in the U.S. market from India by the end of next year [2] - The new display module factory is expected to create approximately 14,000 jobs in the region [2] Group 3: Market Impact - India's contribution to global iPhone production is projected to reach 18% in 2024 and potentially rise to 32% in 2025 [2] - The investment represents one of the largest in India's electronics industry, driven by government incentives [2]