Foxconn Eyes $1 Billion Investment in Tamil Nadu for Apple Facility

Foxconn is considering spending $1 billion to establish a smartphone display module assembly plant in Tamil Nadu. This facility would mark Foxconn’s first display module unit in India and is intended to support Apple’s iPhone production efforts in the country. This investment aligns with the ongoing trend of major tech companies increasing their manufacturing capabilities in India to diversify supply chains and enhance local production.This will be Foxconn’s first display module plant constructed in India, and it will help with Apple’s iPhone manufacturing. Components from this plant may also be…