Apple supplier Foxconn receives approval to build fab in India: report

India. Uttar Pradesh state. Agra. Indian people visit the The Taj Mahal

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Apple (NASDAQ:AAPL) supplier and assembler Foxconn (OTCPK:FXCOF) received approval from India to construct a $435M fabrication plant in India, a move that will help the iPhone maker continue to diversify its supply chain outside of China, according to TechCrunch.

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