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Significance
Foxconn, Apple’s leading subcontractor for its iPhone line, manufactures about 70% of total global iPhone production and over 80% of the latest generation, the iPhone 14. The company has reportedly decided to move nearly half of that production volume from China to India.
Impacts
The partial departure of firms in this industry will work against for China’s ambitions in digital manufacturing.
Indian workers will require significant upskilling.
The shift from China to India will cause ripple effects throughout the entire complex industry ecosystem.
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