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Foxconn Invests $500 Million in India Unit After Disruptions at China iPhone Factory

Foxconn has invested $500 million (roughly Rs. 4,100 crore) in Foxconn Hon Hai Technology India Mega Development Private Limited, the company said on Thursday. The iPhone assembler's Singapore unit has acquired 4.08 million shares in the India affiliate. It was previously reported that Foxconn plans to boost the workforce at its Tamil Nadu plant to 70,000 by adding 53...

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