Foxconn, a Taiwanese company, is expanding its bets outside China and will invest $600 million in two projects in the southern Indian state of Karnataka to produce iPhone case components and chip-making machinery.
A factory to manufacture iPhone components would cost $350 million to build and create 12,000 jobs. Foxconn will collaborate with Applied Materials on a $250 million initiative to produce chip-making equipment, the state of Karnataka stated in a statement.
The investment intentions were initially reported by Reuters on Wednesday.
Following a meeting between Industries Minister MB Patil, Karnataka’s IT Minister Priyank Kharge, and Foxconn Chairman Young Liu, investment decisions have been made.
Liu travelled to India to take part in a major semiconductor conference that was organized by the federal government.
Following his meeting with Tamil Nadu government representatives, the state made the announcement that Foxconn would be investing $194 million in a new facility for manufacturing electronic components that will support 6,000 employment.
In addition, Foxconn intends to seek incentives under a $10 billion program launched by the Indian government to support the chip manufacturing industry. The company is also in discussions with Gujarat about establishing a chip manufacturing plant in the western state.
