BENGALURU– Taiwan’s Foxconn will invest $600 million in two manufacturing projects in southern Indian state of Karnataka, including one which will be a partnership with U.S.-based Applied Materials, a state government statement said.
Foxconn will invest $350 million to set up a unit to manufacture components for smartphones, including for iPhone, said the statement, first being reported by Reuters.
The world’s largest contract manufacturer will also invest $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.
(Reporting by Munsif Vengattil in Bengaluru; Editing by Aditya Kalra and Himani Sarkar)
Disclaimer: This report is auto generated from the Reuters news service. ThePrint holds no responsibilty for its content.
Also read: Foxconn targets India, Thailand for production of their new small battery-powered car
Bagikan Berita Ini
Related Posts :
Atlas Copco expands India operations, begins work on new unit in Maharashtra - Moneycontrol- Pharmalittle: Novo hires Thermo Fisher to manufacture Wegovy - STAT
- BHEL manufactures first set of indigenous SCR Catalysts to limit NOx emission - The Economic Times
- Products manufactured by 26 companies from Kerala used in Chandrayaan-3: Minister P Rajeev - The Economic Times
- Lift Bridge Brewing asks change in Stillwater code to manufacture THC-infused beverages - St. Paul Pioneer Press
0 Response to "Foxconn to invest $600 million in Karnataka to manufacture components and chipmaking tools - ThePrint"
Post a Comment