Foxconn, Taiwanese electronics giant, has procured equipment worth $31.8 million (about Rs 267 crore) for its India factory as it gears up to start manufacturing of iPhone 16 Pro Series at its Tamil Nadu unit, according to a regulatory filing and industry sources as detailed in a report by the Press Trust of India.

Foxconn invests Rs 267 crore in equipment for iPhone 16 Pro production in India

Wall Street Journal has reported that it was Foxconn founder Terry Gou who pushed China to move away from its zero-Covid policy and loosen restrictions. Gou apparently warned Beijing that the strict stance of COVID-19 threatens its position as the world's second-largest economy in the global supply chain.

Foxconn's founder pushed China to ease COVID curbs?

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Foxconn invests Rs 267 crore in equipment for iPhone 16 Pro production in India

Foxconn's founder pushed China to ease COVID curbs?