News Snapshot:
Apple iPhone maker Foxconn is reportedly ready to spend around $700 million to spin up a new factory in India. The move would see local production increase as the company looks to move production capacity beyond Chinese borders. Foxconn already has a presence in India but it's thought that this new investment, its single biggest to date, will see it build a new plant covering 300 acres close to Bangalore airport. The new plant will reportedly create as many as 100,000 jobs which is a figure that's still dwarfed by the circa 200,000 working at the iPhone 14 factory in...
