Apple Foxconn Supplier efforts to make iPhone devices in India thwarted technology and talent exports: Hon Hai Precision (OTC: HNHAF)

Apple Inc.’s Aapl The main resource FoxconnAlso known as Hon Hai Precision Industry, LTD hnhaf According to what was stated, obstacles to expanding its operations in India, as China stresses the restrictions imposed on the export of technology and talents.

What happened: The Chinese authorities have made it difficult for engineers and major manufacturing equipment to leave the country, I mentioned Financial times, citing the sources of industry and ministry’s notices.

Last month, Foxconn reported that its profits in the fourth quarter increased by 15.17 % compared to the previous year and by 15.03 % of the previous quarter, as it reached a record 2,132.3 billion dollars, or about 64.83 billion dollars.

Earlier this month, Hun Hai reported an increase of 3.16 % year on year in January 2025 revenues and also upgraded her forecast for the first quarter.

Analysts suggest that Beijing’s strategy reflects the restrictions of the transfer of Western technology that it criticized. The report indicated that informal controls target India, while projects in Southeast Asia and the Middle East are still not largely affected.

The Chinese Ministry of Trade has also proposed new export restrictions on technologies related to lithium extraction and advanced battery materials.

See also: Apple maps may offer similar ads to Google Maps where the iPhone manufacturer explores the new revenue flow.

Why do it matter: These restrictions are part of China’s broader strategy to retain critical technologies, especially in the production of semiconductor and battery production, as they are definitions of Donald Trump Management and trade with the European Union.

Earlier this month, China announced New tariff Of up to 15 % on some American imports in revenge for the 10 % tax imposed by the United States on Chinese goods.

“China builds a large muscle to control exports and deals with what they choose to control,” said prominent analyst Antonia Hamidi Publishing. “Basically, it is about preserving the central China of global supply chains,” she said.

Price work: Apple shares rose 0.02 % to 244.65 dollars in trading after working hours, and based on a profit of 1.27 %, which reached 244.60 dollars in the Friday market, according to it Benzinga Pro.

Photo via Shutterstock

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Slip: This content was partially produced with the help of Benzinga Neuro It was reviewed and published by Benzinga editors.