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“From education and developers to manufacturing and the environment, we’re committed to growing and investing across the country,” Cook wrote on Twitter following the meeting. The California-based giant is the world’s second biggest smartphone maker behind Samsung (SSNLF), but its 6% share of the Indian market remains small. Apple has also been ramping up its manufacturing in India, where it first began making iPhones in 2017. In recent months, it has expanded production there after suffering supply chain snags in mainland China, which accounts for the bulk of its smartphone manufacturing. Last month, Foxconn CEO Young Liu also spent a week in the country and met with Modi.

☆ Tim Cook opens first Apple store in India
▼ + stars: | 2023-04-18 | by ( Michelle Toh | ) edition.cnn.com time to read: +5 min

“We’re excited to build on our long-standing history — supporting our customers, investing in local communities, and working together to build a better future.”Apple's newest store in Mumbai, India. AppleIn a separate statement Monday, Apple (AAPL) shared a peek of its new Mumbai store, located at a property owned by Reliance Industries, the conglomerate of Indian tycoon Mukesh Ambani. Apple products are considered too expensive by many consumers in the country. In 2020, Apple launched an online store in India, allowing customers to buy its products and, for the first time, customize certain devices. Apple had previously planned to open its first physical store in the country in 2021, though that was derailed by the Covid-19 pandemic.

☆ Apple is finally opening its first retail store in India
▼ + stars: | 2023-04-06 | by ( Michelle Toh | ) edition.cnn.com time to read: +4 min

Hong Kong CNN —Apple is finally getting ready to open its first physical store in the country as it bets on India as a market and manufacturing base. Its previous plan to open a store in the country in 2021 was derailed by the coronavirus pandemic. Apple is preparing to open its first physical store in India, in the commercial and financial hub of Mumbai. The launch would come more than 20 years since the California-based giant first entered the Indian market through third-party resellers. In 2020, the company launched an online store in India, allowing customers to buy its products and also, for the first time, customize certain devices.

☆ Apple Supplier Foxconn Plans to Rely Less on China for Revenue
▼ + stars: | 2023-03-15 | by ( Joyu Wang | Yoko Kubota | ) www.wsj.com time to read: 1 min

Foxconn has been diversifying its production sites as well as the products it makes. TAIPEI— Foxconn Technology Group, one of Apple ’s biggest suppliers, said it would rely less on China as a source of revenue as it diversifies production sites to strengthen supply-chain resilience. About 70% of Foxconn’s revenue comes from China, said Young Liu , the company’s chairman. Going forward, the proportion coming from markets outside of China will continue to grow, he said in an earnings call Wednesday. Foxconn’s revenue in 2022 was 6.6 trillion New Taiwan dollars, equivalent to around $215 billion.

☆ Apple supplier Foxconn is on the hunt for semiconductor and EV deals in India
▼ + stars: | 2023-03-04 | by ( Juliana Liu | ) edition.cnn.com time to read: +2 min

Taiwan’s Foxconn has been looking to expand its operations in the South Asian giant after suffering severe supply disruptions in China last year. “India is a country with a large population,” Young Liu, the company’s chairman and CEO, said in a Saturday statement. The company, best known for making Apple (AAPL)’s iPhones, is one of the world’s biggest contract makers of electronics. India has emerged as an attractive potential alternative to China for the likes of Apple. Apple devices are currently manufactured in India by Foxconn, Wistron and Pegatron, which are all Taiwanese companies.

Such efforts to attract foreign investment come as the pandemic and geopolitical tensions push companies to diversify their supply chains away from China. The Commerce Ministry said Thursday that for the first time, it would launch events for an "Invest in China Year." Apple later said the Zhengzhou factory disruptions would delay deliveries of some iPhone 14 models. He also noted "serious challenges" to attracting foreign investment. Those include unfair competition with local players in China due to industrial policies, lack of legal protection for foreign business in China and geopolitical risks, Wang said.

☆ Apple supplier Foxconn replaces iPhone business chief- Bloomberg News
▼ + stars: | 2023-01-17 | by ( ) www.reuters.com time to read: +1 min

Jan 17 (Reuters) - Taiwan's Foxconn (2317.TW) has appointed Michael Chiang as the new boss for its iPhone assembly business after a tumultuous year in China, Bloomberg News reported on Tuesday, citing people familiar with the matter. Chiang replaces longtime leader Wang Charng-yang as head of the iPhone assembly division, the Bloomberg report said. Apple did not immediately respond to a request for comment. Chiang's appointment is part of Foxconn Chairman Young Liu's efforts to elevate younger executives to maintain the company's supply chain leadership in the face of growing competition from Chinese contenders, the Bloomberg report said. Reporting by Lavanya Ahire in Bengaluru; Editing by Dhanya Ann Thoppil and Nivedita BhattacharjeeOur Standards: The Thomson Reuters Trust Principles.

☆ Apple iPhone maker Foxconn says it wants to make cars for Tesla as it ramps up EV push
▼ + stars: | 2022-10-19 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +1 min

Young Liu, chairman of Foxconn Technology Group, speaks in front of a Model C electric vehicle during an event in Taipei, Taiwan, on Tuesday, Oct. 18, 2022. Liu said he hopes one day that Foxconn can make cars for Tesla. Foxconn , the biggest assembler of Apple's iPhones, wants to one day build cars for Tesla , the company's CEO said, as it pushes further into electric vehicle manufacturing. Hon Hai Technology Group, Foxconn's official name, launched two electric vehicle prototypes on Tuesday — the Model V pickup truck and Model B sports crossover hatchback. "I hope one day we can do Tesla cars for Tesla," Liu said.

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