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 US-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.
(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)
Featured Video Of The Day
Justin Trudeau-Led Canada Government's Cabinet Reshuffle- Who's In, Who's Out?
Foxconn Said to Have Approached Nissan to Take Controlling Stake Taiwan's Foxconn Says Global Manufacturing Footprint to Shield it From Trump's Tariffs Apple Said to Be in Discussions With Several Indian Firms to Replace Chinese Suppliers Is Safe Car Enough? Volvo Crash That Killed CEO, Family Sparks Big Question Snack Food Epigamia Founder Rohan Mirchandani Dies Of Cardiac Arrest At 41 Jeff Bezos To Marry Lauren Sanchez In A Lavish $600M Ceremony: Report "Nightmare...": Air India Passenger Misses Life Event, Slams Airline NEET UG 2024 Counselling: Check Schedule For Special Stray Vacancy Round 3 Tomatoes Thrown, Protest Outside Allu Arjun's Home Over Stampede Death Track Latest News Live on NDTV.com and get news updates from India and around the world.