iifl-logo

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

sidebar image

Foxconn to commence Apple iPhone production in Tamil Nadu

16 Aug 2023 , 12:31 PM

Apple Inc.’s next-generation iPhone 15 is commencing production in Tamil Nadu, bridging the gap between its India operations and its primary manufacturing base in China.

According to persons familiar with the situation, a Foxconn Technology Group plant in Sriperumbudur is poised to provide the latest gadgets just weeks after they begin shipping from facilities in China, as the company tries to rapidly increase the volume of new iPhones coming from India.

The Cupertino, California-based company is embarking on a multiyear strategy to diversify its manufacturing away from China, de-risking the supply chain for its most essential goods as trade tensions between the United States and China make trade less predictable. Under Prime Minister Narendra Modi, India has attempted to strengthen ties with the United States and establish itself as a manufacturing centre.

The volume of iPhone 15 production in India depends on the ready availability of components, the majority of which are imported, and the smooth ramp-up of production lines at the Foxconn factory near Chennai.

The new iPhone, which is expected to be released on September 12, promises to be the most significant improvement to the smartphone in three years. It will contain significant improvements to the camera system across the board, with the Pro models receiving an enhanced 3-nanometer A16 CPU.

For feedback and suggestions, write to us at editorial@iifl.com

explored-media

Related Tags

  • Foxconn
  • Foxconn News
  • Foxconn Updates
  • Iphone
  • iPhone Production
  • Tamil Nadu
sidebar mobile

BLOGS AND PERSONAL FINANCE

Read More
Knowledge Center
Logo

Logo IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000

Logo IIFL Capital Services Support WhatsApp Number
+91 9892691696

Download The App Now

appapp
Loading...

Follow us on

facebooktwitterrssyoutubeinstagramlinkedintelegram

2025, IIFL Capital Services Ltd. All Rights Reserved

ATTENTION INVESTORS

RISK DISCLOSURE ON DERIVATIVES

Copyright © IIFL Capital Services Limited (Formerly known as IIFL Securities Ltd). All rights Reserved.

IIFL Capital Services Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
ARN NO : 47791 (AMFI Registered Mutual Fund Distributor)

ISO certification icon
We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.