The board of directors of Apple’s assembly partner Asustek may have agreed to invest $150 million in its first production facility in India, which is expected to be used for iPhone production by the end of 2021. Currently, Asustek has registered a subsidiary in India, Apple’s main emerging market, as a prelude to starting operations. Now, it seems that the company is preparing funds for the establishment and operation of its subsidiary. < p > < p > < p > the board of directors of ASUS said it had approved an initial investment worth $150 million to build the facility, an unnamed ASUS executive told the media. According to the executive, the investment could have been made earlier, but it was forced to delay because of the popularity of covid-19. < / P > < p > it is estimated that the plant will start production as early as the second half of 2021 or early 2022. More investment is expected in the next two years. < / P > < p > as Apple’s main assembly partner, opening a plant in India may help apple have an iPhone line in India. So far, Asustek has started operations in India, appointed statutory auditors and used the funds for its first share subscription in September. < / P > < p > the company has signed agreements with Foxconn and Wistron, Apple’s supply chain competitors, to participate in India’s multi billion dollar production related incentive program. The plan provides incentives for locally produced smartphones in India. At the time of its application, ASUS was the only one of Apple’s three assemblers that did not have a presence in India. However, at the time of this report, Asustek was in a dispute with apple over labor issues. It is reported that in the labor dispute, Asustek reclassified the students as regular employees and allowed them to work overtime and night shift, which clearly violated Apple’s supplier code. As part of the move, apple is said to be suspending new business with ASUS until it takes action to ease Apple’s concerns. Epic Games accused Google of monopolizing the latter, which may have a better chance than apple

By ibmwl