Beijing has launched a series of investigations into Foxconn’s operations in China, targeting a key Apple supplier.
Apple is asking suppliers to produce about 85 million units of the iPhone 15 this year, in line with the year before.
Foxconn Technology Group founder Terry Gou called for Taiwan and China to resume direct talks.
Foxconn increased revenue by only 3.9% last quarter, underscoring how fears of a recession are crimping demand for iPhones and other consumer electronics.
The move underscores an accelerating shift of manufacturing away from China as Washington-Beijing tensions grow.
Apple exported more than $2.5-billion worth of iPhones from India from April to December, nearly twice the previous fiscal year’s total.
Foxconn Technology Group has brought the world’s largest iPhone plant to about 90% of anticipated peak capacity.
Apple’s iPhone 14 generation may fall 16 million units shy of expectations this year.
Turmoil at Apple’s key manufacturing hub could result in a production shortfall of close to six million iPhone Pro units this year.
Foxconn’s flagship iPhone plant in China is set to see a further reduction in shipments after thousands of employees quit.