In another boost to Apple’s manufacturing in India, several Chinese suppliers to the domestic tech giant have received their first permits, media reported. According to Bloomberg, Chinese suppliers such as Luxshare Precision Industries, a subsidiary of lens maker Sunny Optical Technology Group and assembler of AirPods and iPhones, are Chinese companies with approval in India. is said to be contained in
Approval from key ministries is a step towards full approval for expanding operations in India, and the companies will likely need to find Indian joint venture partners locally, the Bloomberg report adds. citing a person familiar with the
It should be noted that the approval also shows that India is allowing more Chinese companies to build technology manufacturing sectors, despite rising political tensions among its Asian neighbors. I have.
The development comes amid Apple’s ongoing efforts to reduce its reliance on China and expand manufacturing capacity elsewhere in the wake of the tense geopolitical situation and uncertainty. . According to recent reports, the iPhone maker’s largest contract manufacturer and partner, Taiwan’s Foxconn Technology Group and his Pegatron Corp., are including Southeast Asia in their expansion plans this year.
Apple also has plans to move on from Samsung and LG and create its own custom displays for its devices as early as 2024. The Cupertino-based tech giant aims to start changing the display of his top-of-the-line Apple Watch by the end of 2024. Bloomberg recently reported. This is Apple’s attempt to reduce its reliance on display technology partners like Samsung and LG and introduce more in-house components.
Meanwhile, Taiwan Semiconductor Manufacturing Company Limited, commonly known as TSMC, one of Apple’s major iPhone makers, has announced that it will more than triple its planned investment in a new chip manufacturing plant in Arizona, USA to $40 billion. Did. The largest foreign investment in US history.
Earlier in November 2022, Apple said it planned to use chipsets from its Arizona, USA factory from 2024. China. The tech giant also plans to source chips from Europe in the future.