Highlights

  • iPhone maker Foxconn buys land near Bengaluru
  • Land 13 million-square-foot in size
  • Reportedly purchased for $37 million

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iPhone maker Foxconn buys huge site near Bengaluru

Foxconn buys land near Bengaluru to diversify production away from China.

iPhone maker Foxconn buys huge site near Bengaluru

Foxconn, the world's largest contract electronics manufacturer and assembler of Apple iPhones, has bought a 13 million-square-foot plot of land near Bengaluru, as it seeks to diversify production away from China.

Foxconn has reportedly paid $37 million for the site. The Taiwanese company has manufactured Apple smartphones in India since 2019 at its plant in Tamil Nadu.

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