Foxconn gets nod for $435M project to make more of Apple chips in India, eventually

Foxconn and HCL have secured approval for a $435 million semiconductor plant in India to help Apple reduce reliance on China. The facility will focus on assembling and testing chips, initially not fabricating them themselves due to India's lack of advanced facilities. This marks progress toward developing local chip-making capabilities, starting with display driver chips. The move aligns with Apple CEO Tim Cook's strategy to diversify manufacturing in India amid U.S.-China trade tensions. Apple plans to expand its Indian production for iPhones and other devices, following investments in the area and incentives from the government.