Trump expands Apple tariff threat to Samsung
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Apple Inc. (NASDAQ:AAPL) is reportedly pushing forward with a major supply chain expansion in India through its top manufacturing partner, Foxconn, also known as Hon Hai Precision Industry Co. Ltd. (OTC:HNHAF).
Foxconn is constructing a 300-acre campus in India, including dormitories for 30,000 workers. Despite Donald Trump's suggestion to avoid building in India, Apple plans to manufacture most iPhones for the US market there.
Patrick McGee’s “Apple in China” examines the company’s complex relationship with China and the lasting effects of that alliance.
Foxconn, a key supplier for Apple, has received approval from the Indian government to build a $433 million semiconductor plant as part of a joint venture.
Taiwan's Foxconn is among potential bidders for the Singaporean semiconductor assembly and testing business UTAC Holdings in a deal that could value the company at about $3 billion, two people with knowledge of the matter said.
Trump extended the tariff threat to Samsung and all other smartphone manufacturers during a White House briefing, stating, “When they build their plant here, there’s no tariffs”.
22hon MSN
In a post on the social media platform X, the former Union minister of state for electronics and IT said that forward-thinking policies like the PLI scheme and sustained efforts by the Indian government are making this possible.
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Cryptopolitan on MSNIt’s going to take Apple more than 4 years to bring manufacturing back to AmericaApple is under direct pressure from President Donald Trump, who is back in the White House and demanding that the tech giant shift its iPhone production into