The deal will see the Taiwanese iPhone maker produce AirPods for the first time in another significant shift of tech production away from China

The world's largest contract electronics maker forecast significant growth in computing, cloud and networking and component products

The legislation led to laws that give India's Karnataka state “one of the most flexible working regimes in India,” according to a report by the Financial Times

Foxconn chief met Indian Prime Minister Narendra Modi this week 'to build an ecosystem allowing all stakeholders to share, collaborate and thrive'

GoerTek deputy chairman Kazuyoshi Yoshinaga claims US tech firms regularly question the firm’s China supply lines

The world’s largest manufacturer of electronic parts has recently ramped up efforts to diversify production outside of China

The iPhone-maker suffered its first drop in revenues since 2019, following Covid-related disruptions at its largest factory in China

The iPhone maker has bet big on India since it began iPhone assembly in the country in 2017, in line with the Indian government's push for local manufacturing

The Taiwanese firm said resumption of production at its Zhengzhou plant had seen a gradual recovery which has contributed to "double-digit growth"

Apple Inc’s stock market value dropped sharply on Tuesday following its steep drop last year, leaving it below $2 trillion for the first time since March 2021

Production at the factory is nearly back to normal but company officials remain cautious due to a spike in Covid infections across China

The announcement comes after reports last month that the Taiwan-based manufacturer plans to quadruple the workforce at its iPhone factory in India