Taiwan’s Foxconn, the world’s largest contract electronics maker, beat expectations to post its highest-ever revenue for the third quarter on strong demand for artificial intelligence (AI) servers. Revenue for Apple’s biggest iPhone assembler jumped 20.2% year on year to T$1.85 trillion ($57.3 billion).
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CNBC TV1822-12-2025, 11:05

Foxconn's Bengaluru iPhone Plant Hires 30,000, Becomes India's Fastest-Growing Factory

  • Foxconn rapidly hired 30,000 workers in 8-9 months for its new iPhone plant near Bengaluru, making it India's fastest workforce scale-up.
  • The plant is women-led, with nearly 80% of employees being first-time job seekers aged 19-24.
  • It's manufacturing iPhone 17 Pro Max models, with over 80% of output shipped overseas, reducing Apple's dependence on China.
  • Foxconn is investing ₹20,000 crore; the plant aims for 50,000 workers and will be India's largest, offering housing and amenities.
  • Workers earn an average of ₹18,000 monthly, plus free accommodation and subsidized meals, setting a new benchmark for manufacturing in India.

Why It Matters: Foxconn's women-led iPhone plant in Bengaluru rapidly scales, boosting India's manufacturing prowess.

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