Foxconn gets nod for $435M project to make more of Apple chips in India, eventually
1. Foxconn approved to build a $435 million semiconductor plant in India. 2. The plant is part of Apple's strategy to reduce reliance on China. 3. It will initially function as an assembly and test facility for chips. 4. Apple is deepening ties with India, potentially avoiding tariff-related price increases. 5. The Indian government supports semiconductor investments significantly, covering up to 50%.