Foxconn Plans $600M Investment in Karnataka for Smartphone components and Chip-making Plants

  • Taiwanese manufacturer Foxconn will invest $600 million in two manufacturing projects in Karnataka, including a unit for casing components for smartphones such as Apple’s iPhones.
  • The company will set up a second plant for chip-making tools in partnership with Applied Materials, investing $250 million.
  • These investments come after meetings between Foxconn, Karnataka’s IT and Industries ministers, and are expected to generate 12,000 jobs.
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