There's more to Foxconn's latest India adventure.
Looks like Foxconn plans to build a proper supply chain in India to supply its own iPhone manufacturing there.
That was the earlier Tamil Nadu news.
SCMP Jai Hind!
In my opinion. This Foxconn India adventure is not gonna end well. I've already explained at length about the lack of a coherent foundation for hard industry in India. Secondly, in the not too distant future, India will start fining Foxconn for X number of reasons. Then Foxconn decides leaves India and sells its assets there to the Indian oligarchs for a discount. Foxconn gets conned by India. And by that time, China may already have it's very own rivals to Foxconn and TSMC. By going all-in into politics, Taiwan will eventually lose its semiconductor lead to Mainland China and fade into mediocrity. Apple will lose market shares because it had to Jugaad for a couple of years with its Indian adventure.
Finally, I'll never buy any Apple or Foxconn products that are Made in India. They have decided to go political. So I'll give them the political treatment.