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.

Autocar Pro News Desk By Autocar Pro News Desk calendar 02 Aug 2023 Views icon4189 Views Share - Share to Facebook Share to Twitter Share to LinkedIn Share to Whatsapp

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.

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