Foxconn said it'll invest $1.5 billion (over ₹12,800 crore) in India as it plans to shift more manufacturing out of China. Foxconn's Singapore-based subsidiary will buy shares in Yuzhan Technology India, Foxconn's Tamil Nadu-based unit which manufactures electronic components and assembles iPhones. This comes after US President Donald Trump asked Apple CEO Tim Cook to exit production in India.