Foxconn plans to quadruple its workforce at its Indian plant

Apple partner Foxconn plans to quadruple its workforce at its factories in the next two years.

India, according to Reuters, citing sources inlocal government. This will increase the number of workers from the current 17,000 to 70,000. Although the plant in the southern Indian state of Tamil Nadu is tiny compared to Foxconn's Zhengzhou plant, which employs 200,000 people, it is central to Apple's plans to move production out of China.

Foxconn, officially known as Hon Hai PrecisionIndustry Co Ltd, opened a plant in India in 2019 and is ramping up production. The company began making the iPhone 14 this year. Foxconn Chairman Liu Yang-wei said on the earnings call Thursday that the company will adjust its production capacity and output to ensure that further potential supply disruptions over Christmas and Lunar New Year are not impacted. her. In September, analysts at JP Morgan estimated that by 2025, Apple could produce one in four iPhones in India. By the same date, 25% of all Apple products, including Macs, iPads, Apple Watches and AirPods, will be made outside of China, compared to 5% currently.