A new plant in India has begun operations to make Apple's (NASDAQ:AAPL) iPhone, while another will start shipments in May, Reuters reported, citing a person familiar with the matter. The developments come amid Apple bolstering its manufacturing in India as it seeks to diversify its supply chain base beyond China,

With US-based companies scrambling to figure out and lay out alternate supply chains to deal with new US tariffs on China-sourced goods, Apple has shown how swift and decisive one can be, even if its a $3 TRILLION market cap company.

The manufacturing move aims to address massive US tariffs against China that could spur higher prices on the company's biggest-selling product.