The president of Foxconn , the company that manufactures the iPhone , visited India due to possible rumors of its facilities in the Asian country.
Taiwanese technology giant Foxconn confirmed on Saturday that its chairman had visited India , but denied having reached any “definitive agreement” to invest in new Apple iPhone phone factories in that country, as local authorities have claimed.
Foxconn is the world’s largest electronics producer and the main manufacturer of the Californian brand’s phones, which, like the Taiwanese company, is trying to diversify its production beyond China.
The Taiwanese group said in a statement on Saturday that its chairman Young Liu had visited India between February 27 and March 4, but that the company “had not concluded any binding and definitive agreement for new investments.”
“Negotiations and internal analysis are underway. The investment amounts discussed in the media are not information published by Foxconn ,” he added.
The day before, the leader of the Indian state of Karnataka, Basavaraj S. Bommai, had tweeted that ” Apple phones will soon be manufactured ” in a new plant in his state, which would create “about 100,000 jobs.”
The office of the prime minister of neighboring Telangana state, Chandrashekar Rao, also tweeted that Liu had signed an agreement on Thursday to “start electronic production facilities.”
India as a production center
Foxconn , the world’s largest iPhone manufacturer , has been working for Apple in India since 2019 , at its plant located in the state of Tamil Nadu.
Two other Taiwanese companies, Wistron and Pegatron, also manufacture and assemble Apple devices in India .
Apple announced last September that it will manufacture its new iPhone 14 in India .
Despite all this, India currently represents less than 5% of Apple ‘s production chain , according to the Bloomberg agency, behind the United States, China, Japan and five other countries. (AFP)