{"id":1276111,"date":"2023-11-22T09:56:48","date_gmt":"2023-11-22T04:26:48","guid":{"rendered":"https:\/\/trak.in\/stories\/?p=1276111"},"modified":"2023-11-23T09:05:05","modified_gmt":"2023-11-23T03:35:05","slug":"apples-major-component-manufacturer-ignores-india-selects-vietnam-for-starting-rs-2800-crore-factory","status":"publish","type":"post","link":"https:\/\/trak.in\/stories\/apples-major-component-manufacturer-ignores-india-selects-vietnam-for-starting-rs-2800-crore-factory\/","title":{"rendered":"Apple&#8217;s Major Component Manufacturer Ignores India, Selects Vietnam For Starting Rs 2800 Crore Factory"},"content":{"rendered":"\n<p>Amid the rising political tensions between the two countries, Apple\u2019s one of the biggest Chinese component manufacturers, Luxshare, has reportedly decided to invest in Vietnam instead of India.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1000\" height=\"465\" src=\"https:\/\/trak.in\/stories\/wp-content\/uploads\/2023\/11\/ify-6-4.png\" alt=\"Apple's Major Component Manufacturer Ignores India, Selects Vietnam For Starting Rs 2800 Crore Factory\" class=\"wp-image-1276139\" srcset=\"https:\/\/trak.in\/stories\/wp-content\/uploads\/2023\/11\/ify-6-4.png 1000w, https:\/\/trak.in\/stories\/wp-content\/uploads\/2023\/11\/ify-6-4-300x140.png 300w, https:\/\/trak.in\/stories\/wp-content\/uploads\/2023\/11\/ify-6-4-768x357.png 768w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\" \/><\/figure>\n\n\n\n<p><strong>How Did This Happen?<\/strong><\/p>\n\n\n\n<p>It appears that after three years, Luxshare\u2019s move to make investments in Vietnam is a result of many failed attempts to expand its operations in India, as per the media <a href=\"https:\/\/www.livemint.com\/companies\/apples-manufacturer-luxshare-moves-investment-worth-330-mn-to-vietnam-instead-of-india-amid-rising-political-tensions-11700198980583.html\">report<\/a>.<\/p>\n\n\n\n<p>If you are wondering about Luxshare, it is Apple&#8217;s primary supplier for AirPods and could be an upcoming supplier for iPhones.&nbsp;<\/p>\n\n\n\n<p>Now, this company now aims to shift their investment worth $330 million to Vietnam&#8217;s northern province of Bac Giang, the report noted.<\/p>\n\n\n\n<p>Last week, the Vietnam government cleared the license for Apple\u2019s manufacturer as highlighted in the report.<\/p>\n\n\n\n<p>This deal with Apple has raised the total investment in Vietnam to $504 million.<\/p>\n\n\n\n<p>The move will definitely result in loss for India, especially when Apple was planning to add Indian moguls like the Tatas into their supply value chain network, the report. Mentioned.<\/p>\n\n\n\n<p><strong>Why Would This Happen?<\/strong><\/p>\n\n\n\n<p>As we all know that Apple has been heavily dependent on China for meeting its manufacturing demand.<\/p>\n\n\n\n<p>According to the industry stakeholders, Apple\u2019s move shows an increasing sense of intent from the world\u2019s most valuable company.<\/p>\n\n\n\n<p>Prior to this, the media reported that Apple, through Taiwanese manufacturer Hon Hai Precision Industry Co. Ltd\u2014known better as Foxconn\u2014commenced assembly of its iPhone 15 lineup in India during August this year.<\/p>\n\n\n\n<p>Clarifying the same, two senior industry officials said that Apple only assembled its non-Pro iPhone 15 models in the country\u2014the manufacturing of its flagship iPhone 15 Pro series remains away from India, in a statement.<\/p>\n\n\n\n<p>\u201cApple has diversified its assembly of the latest generation iPhones to India doesn\u2019t come as any surprise. India as a nation has plenty of assembly capacity, and making its phones here gives it decent leverage to meet its expected demand. While this does show that India\u2019s impact on the global technology supply chain is gradually increasing, a bigger step would have really come through if Apple would have brought the assembling of its more sophisticated \u2018Pro\u2019 iPhones to India,&#8221; said A senior industry consultant for the technology sector, who works with various companies as well as the Centre, while requesting anonymity.<\/p>\n\n\n\n<p><a href=\"https:\/\/macdailynews.com\/2021\/12\/22\/luxshare-builds-massive-iphone-factory-in-china-to-challenge-foxconn-and-pegatron\/\">Image Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Amid the rising political tensions between the two countries, Apple\u2019s one of the biggest Chinese component manufacturers, Luxshare, has reportedly decided to invest in Vietnam instead of India. How Did This Happen? It appears that after three years, Luxshare\u2019s move to make investments in Vietnam is a result of many failed attempts to expand its [&hellip;]<\/p>\n","protected":false},"author":19,"featured_media":1276139,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[22],"tags":[55,3971,3972],"class_list":["post-1276111","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-apple","tag-luxshare","tag-vietnam"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Apple&#039;s Major Component Manufacturer Ignores India, Selects Vietnam For Starting Rs 2800 Crore Factory - Trak.in - Indian Business of Tech, Mobile &amp; Startups<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/trak.in\/stories\/apples-major-component-manufacturer-ignores-india-selects-vietnam-for-starting-rs-2800-crore-factory\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Apple&#039;s Major Component Manufacturer Ignores India, Selects Vietnam For Starting Rs 2800 Crore Factory - Trak.in - Indian Business of Tech, Mobile &amp; Startups\" \/>\n<meta property=\"og:description\" content=\"Amid the rising political tensions between the two countries, Apple\u2019s one of the biggest Chinese component manufacturers, Luxshare, has reportedly decided to invest in Vietnam instead of India. 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It appears that after three years, Luxshare\u2019s move to make investments in Vietnam is a result of many failed attempts to expand its [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/trak.in\/stories\/apples-major-component-manufacturer-ignores-india-selects-vietnam-for-starting-rs-2800-crore-factory\/\" \/>\n<meta property=\"og:site_name\" content=\"Trak.in - Indian Business of Tech, Mobile &amp; Startups\" \/>\n<meta property=\"article:published_time\" content=\"2023-11-22T04:26:48+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-11-23T03:35:05+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/trak.in\/stories\/wp-content\/uploads\/2023\/11\/ify-6-4.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"465\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Monica Prabhudesai\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Monica Prabhudesai\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/trak.in\/stories\/apples-major-component-manufacturer-ignores-india-selects-vietnam-for-starting-rs-2800-crore-factory\/\",\"url\":\"https:\/\/trak.in\/stories\/apples-major-component-manufacturer-ignores-india-selects-vietnam-for-starting-rs-2800-crore-factory\/\",\"name\":\"Apple's Major Component Manufacturer Ignores India, Selects Vietnam For Starting Rs 2800 Crore Factory - Trak.in - Indian Business of Tech, Mobile &amp; 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