Not Vietnam, India is where Apple poured $ 1 billion to boost production

The move is considered a way for Apple not to be dependent on assembly in the Chinese market. It was described as part of a plan to export "made in India" iPhones worldwide. The U.S.-China trade war is still tense, making iPhone makers worried they will soon be victims. Apple plans to move 30% of its production lines out of China in the next few years.

Foxconn's factory in Chennai (India's third largest industrial and commercial center) will be used to manufacture products for Apple's global market. In addition, a range of other component suppliers will also invest in the country to promote localization.

Apple has assembled iPhones in India through cooperation with Wistron in Bengaluru. But by working with Foxconn, they will expand production.

A Bloomberg report 1 month ago said Apple was planning to expand in India after the country eased regulations on foreign companies. Apple has confirmed its plans. However, the company also said it would take some time for it to open its first official Apple Store in the country.

Earlier, some reports stated that Vietnam and India would be Apple's consideration destinations for production expansion.