Foxconn buys equipment from Apple for expansion in India
Foxconn Technology Group has bought $33 million worth of equipment from an Apple unit for its operations in India over the past year, signaling the key iPhone assembler’s accelerating expansion in the country.An Indian subsidiary of the Taiwanese company acquired equipment from Apple Operations Ltd. for operational needs, according to a filing from Foxconn’s Taipei-listed flagship unit Hon Hai Precision Industry Co.
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