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.
5940 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
Hero MotoCorp Dispatches Rise 16%, Exports Dip 5% in October
Dev Vadchhedia
01 Nov 2026
Total monthly volumes of 7.34 lakh show year-on-year growth but fall 4 percent sequentially against September 2026.
Weekly News Wrap: Tata Takes Control of Iveco, EV Makers Step Up Capacity, Oct Sales Highlights
Darshan Nakhwa
01 Nov 2026
Tata Motors completes the initial settlement of its Iveco acquisition, Maruti Suzuki posts record October sales, Hyundai...
Festive Demand Drives Domestic PV Dispatches Past Half a Million Mark
Autocar Professional Bureau
01 Nov 2026
Automakers scale dispatches ahead of November festive retail periods, pushing monthly industry volumes past historical h...
