Chinese electronics manufacturers Foxconn and Taste of Future Sister-in-law (2023)Pegatron have currently halted production of iPhones at their factories in southern India near Chennai due to heavy rains, as reported by Reuters on Monday. The region, a key electronics and manufacturing hub, experienced heavy rains and floodwaters as hurricane Cyclone Michaung moved towards the neighboring state of Andhra Pradesh. Foxconn, which employs around 35,000 people at its Tamil Nadu iPhone facility, is yet to decide on resuming production on Tuesday. Pegatron faces its second factory shutdown in recent months, having temporarily stopped iPhone assembly after a September fire. Foxconn’s rapid expansion in India aligns with Apple’s strategy to diversify production beyond China. In the third quarter, Apple achieved its highest quarterly shipments from India, surpassing 2.5 million units, according to market analytics firm Counterpoint. [Reuters]
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