Taiwan just gave Foxconn the green light for a massive $2.2 billion investment push into India and the US. The move signals a major shift in global manufacturing strategy, and you can bet Apple fans everywhere will feel the impact.
Taiwan’s Ministry of Economic Affairs approved the deal, with nearly $1.5 billion flowing to Foxconn’s Singapore branch. That money will fund Yuzhan Technology (India) Private Ltd., a Foxconn subsidiary building a brand-new iPhone factory in India. Think more iPhones, more accessories, and a stronger Indian manufacturing hub.
Why the big move? Trade tensions between China and the US have been heating up for years. Foxconn, the world’s largest electronics manufacturer, is smartly diversifying its production bases. India emerges as a clear winner in this strategy, becoming an essential player in iPhone component manufacturing.
But it’s not just about India. Foxconn is also pumping $735 million into Project ETA (DE) LLC, a fresh US-based venture. This one’s all about high-tech infrastructure—data center equipment and server assembly. The company clearly isn’t putting all its eggs in one basket.
Foxconn’s globalization push is in full swing. Beyond India and the US, the company has been expanding aggressively in Mexico, Vietnam, and parts of Europe. With 223 factories and offices across 24 countries, Foxconn is everywhere.
Here’s a fun fact: 54 of those facilities are in the Americas, 12 in Europe, and another dozen right in India. The footprint keeps growing, and this new investment will only deepen Foxconn’s global reach.
Other Taiwanese companies are making moves too. Cathay United Bank secured approval for a $160 million investment in Ho Chi Minh City to boost its lending operations. Meanwhile, AUO Mobility Solution Corp. is injecting $20 million into its Xiamen, China branch for automotive display manufacturing.
Even healthcare got a slice of the investment pie. Hong Kong-based Royal Seal Holding Co. got the nod to invest $3.29 million into its Taiwan subsidiary, which specializes in cancer treatment. Its major stakeholder? Cowealth Medical Holding Co., a Taiwanese firm.
Foxconn’s latest investments prove one thing: the tech manufacturing landscape is changing fast. With India rising as a key iPhone production hub and the US strengthening its data center infrastructure, this $2.2 billion move will reshape supply chains globally.