November 8, according to Bloomberg News, according to informed sources, Apple iPhone main OEM in India, Wistron is looking for about 100 acres of land in Bangalore, India, to expand its foundry factory.
Informed sources said that last week, Wisconsin Capital executives visited the city and selected several candidates, one of which is close to the airport.
Wistron started production of iPhone SE in India this year and may also use the plant to provide foundry services to other brands.
Apple has been a small contender in India, the fastest-growing smartphone market, largely because its phones are more expensive than competing products like Samsung and Xiaomi.
At Apple's earnings conference call last week, Cook said the company had a huge momentum in India, doubling its revenue. He believes the company can make progress, but it needs to work hard in many ways.
He said: "Apple to open stores, open up channels, develop the market, to create a developer ecosystem, you need to have a marketable market for the Indian products. I feel like we are making good progress here and gaining a market understanding. However, we still have a long way to go. & rdquo;
Because Indian government imposes duties on foreign manufactured products entering the Indian market, Apple products are particularly expensive in India, with the new iPhone X starting at $ 999. Apple's production in India has been limited to low-end production of iPhone SE in low-end smartphones.
Apple has been negotiating with the Indian government about expanding its production facilities and opening its own retail outlet for about a year. The two sides have been meeting regularly to consider Apple's needs.
Hon Hai Precision Industry Co., Ltd., a major foundry in Apple, has been discussing with local government in India the issue of setting up factories there. But at present it has not produced iPhone for apple OEM in India.