indianews

Foxconn Gets Taiwan Nod for $2.2B India, US Push

Foxconn is doubling down on India and the US with a massive $2.2 billion investment.
$1.49B will go to India for a new smartphone parts plant, adding to its earlier iPhone production push.
New facilities are coming up in Tamil Nadu and near Bengaluru, with plans for 20 million units a year. They’re also entering semiconductors and batteries, building out a full tech ecosystem. Meanwhile, $735M is headed to the US for server and data center hardware.
A global shift is underway—and India’s at the center of it.

Read more