Tuesday, April 28, 2026
oil & Gas 360

Manufacturers are Leaving China for Lower Wages in India, Vietnam

From FreightWaves Apple’s (AAPL: NASDAQ) manufacturing partner Foxconn Technology Group (FXCNY: OTC US), which assembles Apple’s iPhone product in China, announced on Saturday that it has raised over $213 million for what it described as a “mega-development” in India. According to Bloomberg, the investment signals that Foxconn is moving the manufacturing of Apple products out of China. Henry Byers, director