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.

02 Aug 2023 | 4984 Views | By Autocar Professional Bureau

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. ...

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