Apple invests in Corning, $1 billion in iPhone factory in India?

Reports have reported that Apple is investing $1 billion to make India a base for iPhone manufacturing. According to local media reports in India, Apple will invest $1 billion to make an iPhone made in India. Originally, production in India was limited to the iPhone SE and 6s. However, from the end of last year, reports have begun that the assembly of flagship models is expected to begin in the future.

Taiwan’s Foxconn, the largest EMS company that manufactures iPhones, will also become an investment partner in India. The Foxconn plant in Chennai, a southern Indian city, is said to be used to manufacture Apple’s products for the global market. In addition, a company that supplies parts to Foxconn is also expected to make local investments.

Originally, Apple products produced in India were intended for local sales, but it is reported that Apple started small exports of some iPhones to the EU in July. Apple is planning to expand its export efforts further and is calling for clarity on what export incentives it can get from the Indian government.

Whether exporting outside of India or selling locally, local production in India is a big attraction for Apple. Apple has not been able to open direct online stores or direct stores in India until now. This is because the rule that 30% of products sold in India must be procured domestically is a wall. Foreign media believe that Apple will be able to solve this within a few months. This background is believed to be due to Apple’s intention to expand local production to the Indian government.

This report also sees the expansion of production in India as part of a move by Apple, which relies heavily on Chinese manufacturing, to move its production base to another location while there is no sign of an end to the trade friction between the US and China. It is said that Apple can de-Chineseize production bases in earnest. Related information can be found here.

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Meanwhile, Apple announced on September 17 (local time) that it would invest $250 million in Corning. The investment is aimed at developing the next-generation glass for the iPhone, iPad, and Apple Watch.

Apple is working on a project to invest in businesses (Advanced Manufacturing Fund) to develop technology and promote employment. In 2017, it invested $200 million in Corning. Corning covers all generations of display glass for Apple’s flagship iPhone and iPad. The iPhone 11 and Pro, which Apple announced recently, are also using Corning products on the side and back of the display.

Since the launch of the iPhone in 2007, Apple has invested more than $3 billion in Corning. Corning Glass’s importance increases with each new iPhone. Considering this relationship, there may be large investments in the future. Related information can be found here .