Taiwan's Foxconn is among potential bidders for the Singaporean semiconductor assembly and testing business UTAC Holdings in a deal that could value the company at about $3 billion, two people with knowledge of the matter said.

Foxconn, a key manufacturer for Apple, has received an approval from India's cabinet to build a new 37 billion Indian rupees ($435 million) semiconductor

Apple is under direct pressure from President Donald Trump, who is back in the White House and demanding that the tech giant shift its iPhone production into

Foxconn is constructing a 300-acre campus in India, including dormitories for 30,000 workers. Despite Donald Trump's suggestion to avoid building in India, Apple plans to manufacture most iPhones for the US market there.

In a post on the social media platform X, the former Union minister of state for electronics and IT said that forward-thinking policies like the PLI scheme and sustained efforts by the Indian government are making this possible.

Apple is moving ahead with a $1.5 billion Foxconn investment to expand iPhone production in India, despite Trump's appeal.

According to , citing M B Patil, Cabinet Minister for Large & Medium Industries and Infrastructure Development in Government of Karnataka, confirmed on X that Foxconn's factory near Bengaluru will start delivering iPhones in June.

It's no secret that Apple is keen to move away from China as its primary iPhone manufacturing and assembly hub. This week, there's some news that's sure