Taiwan's Foxconn will invest $600 million in two manufacturing projects in southern Indian state of Karnataka, including one which will be a partnership with US-based Applied Materials, a state government statement said.
Foxconn will invest $350 million to set up a unit to manufacture components for smartphones, including for iPhone, said the statement, first being reported by Reuters.
The world's largest contract manufacturer will also invest $250 million in a second plant where it aims to produce chipmaking tools in partnership with Applied Materials, a key player globally in the semiconductor equipment making industry.
(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)
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