Apple Partner Foxconn Plans $700 Million iPhone Plant in Karnataka to Boost Local Production, Shift From China

Apple supplier Foxconn is planning to invest about $700 million (roughly Rs. 5,763 crore) on a new plant for iPhone parts in Karnataka, people familiar with the matter said, underscoring an accelerating shift of manufacturing away from China as Washington-Beijing tensions grow. Foxconn plans to build the plant to make iPhone parts on a 300-acre site close to the airpo...