Shulou(Shulou.com)11/24 Report--

Thanks to CTOnews.com netizen West Window old clues delivery! CTOnews.com August 3 news, Foxconn announced on Wednesday that it will invest 600 million US dollars in Karnataka, India (CTOnews.com note: currently about 4.314 billion yuan), respectively, to establish iPhone case parts and chip manufacturing equipment production base.

Foxconn will invest $350 million to build an iPhone parts factory, creating 12,000 jobs, and will partner with Applied Materials to invest $250 million in a chip manufacturing equipment project, creating about 1000 jobs, according to a statement from the Karnataka government. Both projects were signed through so-called letters of intent, meaning final details are subject to change.

Foxconn is the world's largest contract manufacturer and the main assembler of iPhones, accounting for about 70% of its total production. Foxconn's investment decision was reached after its chairman Liu Yangwei met with Karnataka IT Minister Priyanke Harge and Industry Minister MB Patil,"We are excited about the opportunities Karnataka offers for our expansion plans in India. "Liu Yangwei said in the statement.

Indian Prime Minister Narendra Modi is also wooing investors for semiconductor manufacturing, which is one of his top business agendas right now. In Karnataka, Foxconn will partner with Applied Materials on chip manufacturing equipment projects, and plans to apply for incentives under the $10 billion plan launched by the Indian government to promote chip manufacturing, and negotiate with Gujarat to establish chip factories in this western state.

Tamil Nadu also announced that Foxconn will invest $194 million to build a new electronic component manufacturing facility, creating 6000 jobs.

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