Advertisement
UK markets closed

  • FTSE 100

    8,203.93
    -37.33 (-0.45%)
     

  • FTSE 250

    20,786.65
    +176.31 (+0.86%)
     

  • AIM

    774.39
    +4.97 (+0.65%)
     

  • GBP/EUR

    1.1819
    +0.0021 (+0.18%)
     

  • GBP/USD

    1.2813
    +0.0052 (+0.41%)
     

  • Bitcoin GBP

    44,405.30
    -124.73 (-0.28%)
     

  • CMC Crypto 200

    1,176.29
    -32.41 (-2.68%)
     

  • S&P 500

    5,567.19
    +30.17 (+0.54%)
     

  • DOW

    39,375.87
    +67.87 (+0.17%)
     

  • CRUDE OIL

    83.44
    -0.44 (-0.52%)
     

  • GOLD FUTURES

    2,399.80
    +30.40 (+1.28%)
     

  • NIKKEI 225

    40,912.37
    -1.28 (-0.00%)
     

  • HANG SENG

    17,799.61
    -228.67 (-1.27%)
     

  • DAX

    18,475.45
    +24.97 (+0.14%)
     

  • CAC 40

    7,675.62
    -20.16 (-0.26%)
     
Money:

What the new Labour government means for your money

Now that the dust has settled on the election we can take stock of what a Labour win will mean for your finances

Japan's TDK to make Apple iPhone battery cells in India

Reuters
·1-min read

BENGALURU (Reuters) — Japanese electronic parts maker TDK Corp will manufacture lithium ion (li-ion) battery cells for Apple iPhones in India, a minister said on Monday.

Apple has been touting India as its next big growth driver as it looks to move some production away from China.

It began assembling iPhones in the country in 2017 through Wistron and later Foxconn, and has a total of 14 suppliers in India.

Private security guards stand at the entrance of a closed plant of Foxconn India unit, which makes iPhones for Apple Inc, near Chennai, India, December 22, 2021. Picture taken December 22, 2021. REUTERS/Sudarshan Varadhan
A Foxconn India unit, which makes iPhones for Apple. REUTERS/Sudarshan Varadhan (Reuters Staff / reuters)

TDK will set up a manufacturing facility in the northern state of Haryana, creating several thousand new jobs, Deputy Minister for Information Technology Rajeev Chandrasekhar said on social media platform X, formerly known as Twitter.

ADVERTISEMENT

The news was first reported by Business Standard on Sunday.

Cells manufactured at the facility will be supplied to Apple's li-ion battery assembler Sunwoda Electronics, the report added.

Apple and TDK Corp did not immediately reply to Reuters' request for comment.

(Reporting by Manvi Pant in Bengaluru; Editing by Varun H K)