Foxconn and Tata are allegedly in talks to increase production of Apple hardware. Consumers might see a slight price increase for these devices.

Apple will be sourcing almost its entire line of iPhones sold in the US -- about 60 million phones a year -- from assembly facilities in India, CEO Tim Cook said Thursday. The planned move comes against the backdrop of the Trump administration imposing tariffs against China of up to 145%.

Starting from the June quarter, Apple will manufacture the majority of iPhones sold in the US in India. This move marks a major shift in Apple’s global supply chain, driven by concerns over potential tariffs from the US on Chinese-made goods.