Foreign media: Unable to shake China's manufacturing position, Indian factories begin assembling iPhone 15 globally | India | Manufacturing
US media recently revealed that Indian factories have started producing Apple's latest smartphones. This means that the time difference for mass production of Apple's latest smartphones between China and India is constantly narrowing. However, the industry points out that China's dominant position in the global technology product supply chain will not be shaken.
According to Bloomberg, the world's largest electronics foundry, Hon Hai Group's factory in India, has begun assembling Apple's latest smartphone iPhone 15, which will be officially released in September.
India's "One World" News Channel:
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It seems that Apple really values India this time, which will further shorten the time difference between mass production in India and in China.
Apple has been producing old models of smartphones in India since 2017; In September 2022, Hon Hai launched production of the iPhone 14 in India, marking the first time India has produced Apple's latest model of phone. At that time, there was a difference of about two months in production time between China and India. According to American media, this year will be the closest production time between China and India since the launch of the iPhone, just a few weeks apart.
India's manufacturing industry heavily relies on importing key components from China
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However, American media remind that the final production of how many iPhone 15 phones India can produce largely depends on ensuring a sufficient number of components, most of which need to be imported from China.
In 2022, the total import and export trade volume between China and India reached 136 billion US dollars, reaching a new historical high. Among them, China's trade surplus in goods with India was 101 billion US dollars. According to Indian media analysis, China's dominant position in the supply chain means that in order for Indian factories to produce complete products, they must first import a large amount of critical raw materials and components from China, leading to an expansion of the trade surplus between China and India.
Technology industry: India is difficult to become a global product manufacturing center like China
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Data shows that in 2022, Hon Hai Group's revenue in the Indian market was $10 billion, accounting for less than 5% of its global total revenue; Hon Hai has a total of 1 million employees worldwide, with only 50000 employees in India. A Hon Hai executive asserts that India cannot become a global center for manufacturing technology products like China.
In recent years, the US government has diversified its supply chain layout under the guise of "risk reduction", essentially promoting "de Sinicization" in the fields of economy, trade, and technology; In this process, India has been highly praised by the United States as an ideal partner - by 2022, the United States has become India's second largest source of foreign investment. In June of this year, during Indian Prime Minister Modi's visit to the United States, several American chip companies announced their investment in India.
Indian governments at all levels have also introduced a series of preferential measures to attract technology companies to set up factories. Harry Harlan, the research director in the Asia Pacific technology field at JPMorgan Chase, believes that in the future, multinational companies may add 1-2 production bases outside of China for different products, but there will not be a second large-scale core supplier country.
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New Media of China Central Television's Mandarin Global Program Center