Stay updated with breaking news from Gcl Group. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
In November, ET had reported that Foxconn said it would invest more than $1.5 billion in an Indian construction project to fulfil the Apple supplier's "operational needs”. The investment was made through a Foxconn subsidiary, Hon Hai Technology India Mega Development.
Some industry executives, however, said Tamil Nadu could end up bagging the project as Foxconn has “ample presence” in the state. Foxconn makes iPhones for Apple at its facility in Sriperumbudur near Chennai.
Foxconn Technology Group from Taiwan and Indias HCL Group have officially announced their collaboration to...
Micron made the semiconductor investment announcement in Jun 2023 and actual construction started in September 2023. "It's how many days? 90 days, it's a record for anywhere else in the world," the minister said.
The chip packaging and testing venture, known as OSAT in industry lingo, comes after Foxconn abandoned a joint venture with India’s Vedanta in July.