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Foxconn has been approved to build a chip factory in India. Apple (AAPL.US) is determined to meet the iPhone demand in the USA with production capacity from India.
Apple previously air transported 600 tons of iPhones, and there are reports indicating that Foxconn has been approved to build a $0.435 billion chip factory in India. Is Apple aiming to fully meet the demand in the U.S. market with production capacity from India?
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