Follow us
Foxconn to invest US$600 mn in Karnataka for components, chipmaking machinery
Foxconn will also invest US$ 250 million in a second plant where it aims to produce chipmaking tools in partnership with Applied Materials.
5954 Views
Taiwanese firm Foxconn will invest US$ 600 million in two manufacturing projects in Karnataka, including one which will be a partnership with U.S.-based Applied Materials, a state government statement said, as reported by Reuters.
The company will invest US$ 350 million for manufacturing components for smartphones, including for iPhones. It will also invest US$ 250 million in a second plant where it aims to produce chipmaking tools in partnership with Applied Materials, a key player globally in the semiconductor equipment making industry.
RELATED ARTICLES
Samsung Display Earns Dual Automotive Cybersecurity Certifications
Autocar Professional Bureau
10 Nov 2026
Samsung Display becomes the first company in the industry to hold both ISO/SAE 21434 and ENX VCS certifications, as the ...
CNH to Sell 70% Stake in Construction Equipment Business to Kobelco in $1 Billion Deal
Autocar Professional Bureau
10 Nov 2026
The agreement, announced November 9, will form a joint venture with Japan's Kobelco Construction Machinery, allowing CNH...
Tata Motors Sets Iveco Stake at 96.25%, Moves Ahead With Squeeze-Out
Autocar Professional Bureau
09 Nov 2026
Tata Motors secured an additional 18.2 million shares during the reopened tender offer, with the remaining 3.68% of Ivec...
