Foxconn, a key supplier for Apple, has received approval from the Indian government to build a $433 million semiconductor plant as part of a joint venture.

The iPhone maker is diversifying production to India amid tensions between the U.S. and China — but the U.S. president wants it to move stateside.

Trump’s remarks come as Apple continues to ramp up its iPhone production in India. The tech giant has established multiple assembly plants in the country through partnerships with contract manufacturers including Foxconn and Tata Group. Two of these plants are located in Tamil Nadu, while another operates in Karnataka.

Donald Trump wants Apple to make iPhones in the US. That won't happen, says journalist Patrick McGee, who just wrote a book on Apple's ties to China.

This comes as trade tensions between the US and China had started benefiting India, with US buyers turning to Indian suppliers following the imposition of 145 per cent tariffs by the US on Chinese goods.

Foxconn, a key supplier for Apple, has received approval from the Indian government to build a $433 million semiconductor plant as part of a joint venture.

Apple Inc.’s hold over the valuable Chinese market could be weakening fast, new data from a China-linked think tank shows.

Apple's (NASDAQ:AAPL) iPhone shipment contribution from India increased in March ahead of the Trump administration announcing a flurry of tariffs on April 2, according to Counterpoint Research. Total smartphone shipments in the U.