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.

Taiwan's Foxconn, the world's largest contract electronics maker, said on Tuesday an artificial intelligence centre it has announced with Nvidia will be built in phases and is targeted to have 100 megawatts of power.