Foxconn's Devanahalli unit nearly ready, iPhone shipments by June: Minister

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Foxconn's Devanahalli unit nearly ready, iPhone shipments by June: Minister - Business Standard

Quick Summary:

Karnataka Minister for Commerce & Industries M B Patil on Saturday said Taiwanese electronics manufacturing giant Foxconn's unit at the Information Technology Investment Region (ITIR) of Devanahalli here is nearly ready for launch, with commercial iPhone shipments expected to begin as early as June.

He said this development strengthens Karnataka's position in global manufacturing and opens the door to greater foreign investment - without compromising stakeholder interests.

The minister further said Apple CEO Tim Cook has confirmed that for the June quarter, a majority of iPhones sold in the US will be made in India.