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

Foxconn, a key Apple supplier, will invest $600 million in two projects in Karnataka for chip-equipment manufacturing and casing components for iPhones, the southern Indian state said Wednesday.
The Taiwanese company signed a letter of intent with the Karnataka government on Wednesday. Foxconn said it will invest about $350 million in setting up a plant in the state for manufacturing iPhone case components and about $250 million on a project for semiconductor manufacturing equipment.
“The industrial and investment policies of the state government are conducive to nurturing an ecosystem f

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