Foxconn unit in talks for US$ 200 million components plant in India's Tamil Nadu: Report
The company already has a sprawling campus near Chennai city in Tamil Nadu where the company is engaged in the assembly of Apple's (AAPL.O) iPhones.
By Autocar Professional Bureau
4990 Views
A Foxconn unit is currently in talks with Tamil Nadu to invest approximately US $200 million for building a new plant for electronic components, Reuters reported, citiing two persons in the know.
This comes close to the heels of the semiconductor company's recent decision to withdraw from a US$ 19.5 billion semiconductor joint venture with Vedanta in India. Instead, the company has evinced interest in applying for incentives offered by India under its semiconductor manufacturing policy.
Brand Cheng, CEO of Foxconn Industrial Internet, alongside company representatives, held a meeting with Tamil Nadu officials, including its chief minister, last week to deliberater upon potential investments in the state. The government issued a statement after the meeting, but no further details were provided, Reuters reported.
Foxconn refused to offer a statement to the newswire.
Foxconn already has a massive campus near Chennai city in Tamil Nadu where it assembles Apple's iphones.
RELATED ARTICLES
Next-Gen Tata Harrier and Safari Likely to Feature All-Wheel Drive System
Autocar India
05 Jul 2025
The second-gen Harrier and new-gen Safari are codenamed Taurus and Leo, respectively.
Exclusive - Tata Motors Plots Comeback with New Nexon, Sierra, Avinya Brand and Compact Lifestyle SUV in Rs 35,000 Cr Overhaul
Ketan Thakkar
05 Jul 2025
Tata targets ₹10–20 lakh sweet spot and premium electric space with multi-platform offensive across ICE, EV, and hybrid ...
Exclusive: Tata Motors Partners Desay SV to Accelerate Software-Defined Vehicle Strategy
Ketan Thakkar
05 Jul 2025
Desay SV to support Tata Motors in building SDV platform for EVs and ICE vehicles across segments.
