Foxconn to invest US$600 mn in Karnataka for components, chipmaking machinery

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.