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Foxconn has submitted its application under the "modified scheme for setting up of semiconductor fabs in India" for the establishment of semiconductor fab in the country
Taiwan's Hon Hai Precision Industry plans to expand in India with $1.6bn investment.
International Business News: Foxconn plans to expand its footprint in India with another $1.6 billion investment for construction projects. The announcement, made in an exchange f
The announcement, made in an exchange filing in Taiwan late Monday, didnt give any further details, saying only that the investment was for “operational needs.” A spokesperson for the company declined to say where the new facilities would be or what they would build.
India’s Karnataka state government in August announced that Foxconn planned to invest $600 million on two component factories in the southern Indian state. That included a plant that will make mechanical enclosures for iPhones and a semiconductor equipment manufacturing plant it will operate with Applied Materials Inc, the government said at the time.