India, May 20 -- Doubling down on its India push, Apple's key supplier Foxconn has invested $1.48 Bn in its Tamil Nadu-based unit amid US President Donald Trump's diktat to the iPhone maker.

In an exchange filing yesterday, Foxconn said it bought 9,999 shares in Yuzhan Technology (India) Private Limited, its Tamil Nadu unit, at INR 10 per share, including a premium component, taking the total deal value to $1.48 Bn.

The Taiwanese electronics contract manufacturer infused the capital through its Singapore arm, Foxconn Singapore Pte Ltd.

The development was first reported by Bloomberg.

It is to be noted that Apple assembled $22 Bn worth of iPhones in FY25, marking a 60% year-year increase. A majority of India-made iPhones were assembled...