The main producer of Apple (AAPL) iPhones, Hon Hai Precision Industry Co. (HNHPF), will invest $1.5B into its India unit as manufacturing transitions away from China, Bloomberg’s Twinnie Siu reports, citing an exchange filing. Hon Hai, which is constructing new plants and adding production capacity in southern India, made the investment through its Singaporean subsidiary as Apple is seeking to import the majority of iPhones sold in the U.S. from India by the end of next year.
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