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Foxconn gets nod for $435M project to make more of Apple chips in India, eventually
Foxconn, a key manufacturer for Apple, has received an approval from India's cabinet to build a new 37 billion Indian rupees ($435 million) semiconductor
Foxconn, a key manufacturer for Apple, has received an approval from India’s cabinet to build a new 37 billion Indian rupees ($435 million) semiconductor plant in a joint venture with the country’s IT giant HCL Group. The plant, which will be located near the Jewar airport in the northern state of Uttar Pradesh and is expected to start operating in 2027, will eventually manufacture display driver chips for mobile phones, laptops, automobiles, PCs, and other devices, India’s IT minister Ashwini Vaishnaw said at a press conference in New Delhi on Wednesday. The industry is currently anticipating news on what the second phase of the Indian government’s semiconductor incentive program will involve, though Vaishnaw declined to share details on that at Wednesday’s press conference.
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