Foxconn, Apple’s leading subcontractor for its iPhone line, manufactures about 70% of total global iPhone production and over 80% of the latest generation, the iPhone 14. The company has reportedly decided to move nearly half of that production volume from China to India.
- The partial departure of firms in this industry will work against for China’s ambitions in digital manufacturing.
- Indian workers will require significant upskilling.
- The shift from China to India will cause ripple effects throughout the entire complex industry ecosystem.