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.

In a keynote presentation, the Chairman of Foxconn claimed that developments in generative AI and robotics will end low-end manufacturing jobs.

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.

Apple's primary iPhone manufacturer Foxconn has invested $1.5 billion into India, signaling a significant acceleration in Apple's

Foxconn has made a $1.5 billion investment into its India arm, a move that will almost certainly fund its expansion of iPhone production in the country.

Taiwanese contract manufacturer Foxconn, which assembles Apple’s iPhones, will infuse $1.5 billion in its Indian subsidiary, it disclosed in a regulatory filing. Foxconn’s Singapore-based subsidiary will buy 12.77 billion shares worth ₹10 apiece, totalling to about ₹12,774 crore ($1.5 billion) in Yuzhan Technology India, the filing reads.

French defence group Thales , connector maker Radiall and Taiwan's FoxConn have begun preliminary talks to establish a semiconductor assembly and test facility in France, they said on Monday.

The Taiwanese company cut annual guidance as it braces for potential headwinds from newly imposed U.S. tariffs.

The Foxconn chief executive’s comments underline the growing significance of generative artificial intelligence (GenAI) across industries, including automobile, for efficiency gains and cost savings.