Foxconn invests $1bn in smartphone display assembly unit in Tamil Nadu, India, for iPhone production and local sourcing.

Foxconn plans to invest $1 billion in a smartphone display module assembly unit in Tamil Nadu, India, marking its first facility in the country. This unit will primarily support Apple's iPhone production while also supplying other manufacturers like Pegatron and Tata Electronics, promoting local sourcing over imports from China. The facility aims to enhance India's electronics manufacturing capabilities and reduce supply chain challenges.

September 25, 2024
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