Explorer

Key iPhone Maker Foxconn To Set Up Rs 1,600 Crore Plant For Electronic Components

Key iPhone maker and the world's largest contract manufacturer Foxconn is set to sign a deal with the Southern Indian state of Tamil Nadu to set up a plant for electronic components.

Key iPhone maker and the world's largest contract manufacturer Foxconn is set to sign a deal with the Southern Indian state of Tamil Nadu to set up a plant for electronic components. Foxconn's subsidiary, Foxconn Industrial Internet (FII), is mulling to invest Rs 1,600 crore in the state to set up a campus in Tamil Nadu's Kancheepuram district, near state capital Chennai, the media has reported. The Foxconn subsidiary makes communication, mobile network and cloud computing equipment. The facility would create 6,000 new jobs, a senior state government source with direct knowledge of the matter said.

According to a report by news agency Reuters, Brand Cheng, CEO of Foxconn Industrial Internet and other company representatives met with Tamil Nadu officials including its chief minister to discuss investments in the state last week. FII has already shared a plan with state officials to initially invest $180 million to $200 million in the facility, said the report, citing sources.

Also read: OnePlus' First Foldable Will Be Called 'OnePlus Open'

This manufacturing unit in Tamil Nadu will be separate from the current sprawling campus near Chennai where Foxconn assembles iPhone models and employs more than 35,000 people, the report added. Foxconn and a spokesperson for Tamil Nadu's industries department declined to comment, as per the report.

The iPhone contract manufacturer is also in talks with chip-making giant Taiwan Semiconductor Manufacturing Co (TSMC) and Japan's TMH Group for a joint venture (JV) technology partnership to set up semiconductor fab units in India, said a recent report by The Economic Times (ET), citing people aware of the matter.

Also read: AMD To Expand R&D And Engineering Operations, Invest $400 Million In India

As per the report, Foxconn is likely to finalise the details of the partnership to manufacture both advanced and legacy node chips soon. The company has been in discussions with TSMC and TMH Group for a considerable period. Taiwan's TSMC is one of the largest chip foundries globally, while TMH specialises in offering semiconductor-related solutions and the operation and maintenance of manufacturing equipment. TSMC's chips are widely utilised by numerous prominent semiconductor companies, including AMD, Apple, ARM, Broadcom, Marvell, MediaTek, and Nvidia.

View More
Advertisement
IOI
Don't Miss Out
57
Hours
31
Minutes
55
Seconds
Advertisement
Tue Feb 18, 11:58 pm
connaught place
12.1°
Precipitation: 0 mm    Humidity: 82%   Wind: WNW 6.4 km/h
See Today's Weather
Powered By:
Accu Weather
Advertisement

Top Headlines

After Over Five Decades Of Diplomatic Ties, India and Qatar Become Strategic Partners
After Over Five Decades Of Diplomatic Ties, India and Qatar Become Strategic Partners
BJP Changes Schedule For Delhi CM Swearing-In: Check Revised Timing, Venue & Invitees
BJP Changes Schedule For Delhi CM Swearing-In: Check Revised Timing, Venue & Invitees
KIIT University Row: 3 Directors, 2 Guards Arrested Over Suicide Of Nepalese Student, Protest Continues
KIIT University Row: 3 Directors, 2 Guards Arrested Over Suicide Of Nepalese Student, Protest Continues
'Not Like MVA Or INDI Alliance': Shinde Rejects Reports Of 'Rift In Mahayuti' In Maharashtra
'Not Like MVA Or INDI Alliance': Shinde Rejects Reports Of 'Rift In Mahayuti' In Maharashtra
Advertisement
ABP Premium

Videos

India's Got Latent Row: Samay Raina, Apoorva Mukhija to Appear Before NCWNew Delhi Stampede: Railway Takes Major Step After Stampede at StationDelhi Breaking: Railway Takes Action After Stampede, Platform Ticket Sales Halted at New Delhi StationPrayagraj Breaking: Rising Crowd Forces Railway to Shut Sangam Station Until Further Notice

Photo Gallery

Embed widget

We use cookies to improve your experience, analyze traffic, and personalize content. By clicking "Allow All Cookies", you agree to our use of cookies.