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.
5757 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
N.A.N. MagneTech to Build ₹1,250 Crore Magnet Facility in Andhra Pradesh
Autocar Professional Bureau
22 Jul 2026
The N.A.N. GreenMet platform secures land in Naidupeta for a rare earth magnet plant aiming to start commercial producti...
Sona Comstar and DENSO Form Joint Ventures for Electric Powertrains
Dev Vadchhedia
22 Jul 2026
The Indian auto component manufacturer and the Japanese technology supplier partner to produce electric and hybrid syste...
Samvardhana Motherson Completes Acquisition of Controlling Stake in Yutaka Giken
Dev Vadchhedia
22 Jul 2026
The auto component manufacturer achieves final transaction closing following Honda Motor's buyback of shares in the Japa...
