In FY22-23, Samsung exported $4.09 billion smartphones from India -- an increase of 42 per cent over 2021, when it was $2.8 billion -- accounting for 35 per cent of all smartphone exports.
If reports that Apple Inc plans to triple its iPhone production in India come true, it is likely to help the country become a supply hub for the American company. There are some 190 Apple suppliers globally, but only 12 have manufacturing facilities in India now. Apple's strategy is to focus on India and a clutch of other countries as it diversifies its supply chain out of China.
After a series of suicides at Foxconn, Apple Inc's chief executive Steve Jobs said that Foxconn, the global contract manufacturer that assembles iPhones and iPads in China, "is not a sweatshop."
A new plant in Chennai could help the PC maker catch up with rivals in a market that's the computer world's Next Big Thing.
The employees had been trying to gain entry in protest at the lack of any formal notice of closure
Apple Inc is preparing for the largest initial production run for its next iPhones by the end of the year.
Quanta also manufactures laptops for Hewlett-Packard and is the main assembler for the smartwatch released recently by Apple.
Apple Inc has asked suppliers to manufacture between 70 million and 80 million of its two forthcoming large-screen iPhones by the end of the year, its largest initial production run of iPhones, the Wall Street Journal reported, citing people familiar with the matter.
It was not immediately known how many jobs the proposed new plants would eventually create.
Lenovo Group Ltd said on Tuesday it was establishing a smartphone assembly unit in India.
The move is a show of faith from three of the world's biggest technology companies in fast-growing Snapdeal
Foxconn has said it is aiming to develop 10-12 facilities in India, including factories and data centres, by 2020
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