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Foxconn Technology Group, Apple's biggest contractor, plans to invest $700 million in a new plant in India to diversify its supply chain out of China, according to Bloomberg.
The Taiwanese manufacturing giant's new plant will be situated on a 300-acre site near Bengaluru, the capital of the southern Indian state of Karnataka. Sources said Foxconn would assemble iPhones and might even produce parts for its electric vehicle business, entirely separate from Apple.
"The investment is one of Foxconn's biggest single outlays to date in India and underscores how China's at risk of losing its status as the world's largest producer of consumer electronics," Bloomberg said.
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what's really going on is the Chinese are getting tired of working for a bowl of gruel or a nickel an hour so the billionaire business owners are moving on to the next group of poor laborers to exploit.
Not only are the billionaire owners exploiting the peoples of poor nations, it is their customers that make it all possible. All the SJWs, environmentalists, and human rights activists using their IPhones to tell the rest of us that we are to blame for the inhumane conditions in Thailand, Cambodia, Honduras and the rest of the hell holes where the toys are made.
People need to change their lifestyle habits for anything of significance to change.
Greed and envy will make the change all but impossible.
Buy CCP? Nah. Bye CCP.
Yagoda, I'm sure the Indian workers would rather eat than not.
The real extorter is every government everywhere, especially. They claim you owe them the fruit of your labor, like it or not.