BENGALURU, INDIA – Wistron plans to invest more than $20 million in a new factory in India, according to reports. The site would be the third in the country by Wistron, the world’s fifth largest EMS/ODM per the CIRCUITS ASSEMBLY Top 50.

The new campus will focus on medical electronics, the reports said. Wistron’s other plants in India make Apple iPhones.

Wistron reported second quarter net income increased 35.1% annually to $40.1 million, while consolidated revenue rose 7.3% to $7.4 billion.

In the first three quarters of the year, Wistron’s cumulative net income rose 22.4% to $90.3 million. Consolidated revenue in the first 10 months totaled $23.5 billion, up 9.3% year-over-year.