What They Say
Reuters reported that Foxconn, Wistron and Pegatron all plan to take advantage of a production-linked plan in India to build factories in the country. The investments could total $900 million. Foxconn is said to be prepared to invest $524 million. The facilities will be used to make products for Apple. Reuters said that iPhones have been made by Wistron since 2017.
What We Think
This is part of the move out of China that we have seen recently. (Southeast Asia to be world’s top laptop producer, surpassing China) (BR)
