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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. ....
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. ....