AAPL Apple Inc

-- Apple Inc. supplier Foxconn Technology Group plans to invest about $700 million in a new factory in India, Bloomberg reports, citing unnamed sources.

--The plant, which will be located near the airport in the southern city of Bengaluru, is expected to make iPhone parts and may be used to assemble iPhones and produce auto parts for Foxconn's electric-vehicle business, Bloomberg reports.

--The plans may change, as Foxconn is still finalizing project details, according to Bloomberg.

Full story: https://bloom.bg/3y4rzP8

Write to Yifan Wang at yifan.wang@wsj.com

(END) Dow Jones Newswires

March 03, 2023 00:33 ET (05:33 GMT)

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