Taiwan-based cable and connector producer and supplier Cheng Uei Precision Industry, also known by the name Foxlink, will set up a factory in Chennai soon.
The move comes as Apple has discontinued giving chargers as well as earphones for the next-generation iPhones. However, the company is still going to provide cables with handsets.
November 04, 2020
One of the leading Apple Cable manufacturers – Cheng Uei Precision Industry, has announced its plans to start mass production of cables and connectors later this year at its upcoming facility in India. The cable supplier also called Foxlink will institute a factory in Chennai.
As a part of the company’s plans for diversifying its supply chain and ramp up its production, the company has made major inroads in the Indian market.
Foxlink seems to have added a subsidiary in Andhra Pradesh in March this year. “To establish a new subsidiary company in India, the initial investment amount is 160 million rupees,” Foxlink said on its website.
Apple’s major assembly partners – Foxconn, Wistron and Pegatron, have all set up either a subsidiary or an iPhone assembly plant in India.
According to Reuters, these companies plan to invest a total of almost USD 900 million in India in the next five years to tap into a new production-linked incentive (PLI) plan. Amid the US-China trade war, these suppliers are looking to expand manufacturing in India.
Although Apple has discontinued providing chargers as well as earphones for the new generation iPhones; however, the company will still provide cables.
As per the reports, with this scheme of PLI, Foxconn has announced to invest about Rs. 4,000 crores, while Wistron and Pegatron have committed to invest close to Rs. 1300 crores and Rs. 1200 crores, respectively.