Apple supplier Foxconn will invest $1.5 billion in its India unit, the company said in a filing, as the iPhone maker shifts more manufacturing out of tariff-hit China. Foxconn's Singapore-based subsidiary will buy 12.

Foxconn ( FXCOF) is committing 127.74 billion rupees ($1.5 billion) to its India unit as Apple (NASDAQ:AAPL) shifts production out of China. The investment, routed through Foxconn's Singapore-based subsidiary,

Foxconn, formally known as Hon Hai Precision Industry Co. Ltd (2317.TW), is among several Apple suppliers ramping up investment in India as the tech giant looks to reduce its dependence on China and meet rising global demand through more diversified supply chains.