Foxconn to invest $600M in Karnataka for iPhone components, chip-making tools projects - Beritaja

Apple supplier Foxconn will put $600 cardinal in 2 projects in Karnataka for chip-equipment manufacturing and casing components for iPhones, The confederate Indian authorities said Wednesday.

The Taiwanese institution signed a missive of intent pinch The Karnataka authorities connected Wednesday. Foxconn said it will put astir $350 cardinal in mounting up a works in The authorities for manufacturing smartphone components and astir $250 cardinal on a task for manufacturing semiconductor manufacturing equipment.

“The business and finance policies of The authorities government are conducive to nurturing an ecosystem favouring The maturation of industries. The talks held pinch The institution president were fruitful,” said Karnataka Minister of Infrastructure Development MB Patil.

Foxconn said The projects will create 13,000 jobs in The state. The patient has collaborated pinch Applied Materials connected The semiconductor manufacturing project.

Wednesday’s announcement follows Foxconn signing a woody pinch The authorities of Tamil Nadu connected Monday to put astir $194 cardinal in a caller physics components manufacturing facility.

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