Foxconn to Invest 4,400 INR-Crore in Apple Manufacturing Facility in Karnataka, India

Biltrax Media Aug 04, 2023 0

Foxconn, an Apple supplier, will invest 4400 INR-Crore ($600 million) to set up two manufacturing facilities in Karnataka, India.

One plant, in partnership with Applied Materials, will manufacture chipmaking tools for electronic products, including Apple devices. The second plant, valued at 2450 INR-Crore ($350 million), will produce components for smartphones, including those for iPhones.

Foxconn’s CEO, Young Liu, met with government officials to finalize the investment decisions. The manufacturing facility is expected to create 14,000 jobs in the region.

The land required for the project spans approximately 100 acres in Karnataka’s Devanahalli Information Technology Investment Region (ITIR). Foxconn is also in talks with Tamil Nadu and Gujarat governments for potential investments in electronic component manufacturing and a semiconductor plant, respectively.

The investments will strengthen Foxconn’s position in the global electronics market and boost domestic manufacturing capabilities for Apple products.


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Disclaimer: The information contained herein has been compiled or arrived at, based upon information obtained in good faith from sources believed to be reliable. All such information and opinions can be subject to change. The image featured in this article is for representation purposes only and does not in any way represent the project. If you wish the article to be removed or edited, please email editor@biltrax.com.

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