The Economic Times reports that Foxconn is assessing an investment of around $1 billion to establish a smartphone display module assembly factory in Tamil Nadu, primarily to serve Apple's iPhone.
Sources indicate that Foxconn's approach will allow other contract manufacturers, such as Pegatron or Tata Electronics, to utilize components from this factory without the need for assembly modules imported from China.
Insiders also mentioned that while there is no fixed timeline, the company aims to operationalize the factory as soon as possible.
Foxconn Plans $1B Investment in Smartphone Display Factory in Tamil Nadu
Published on Sep 25, 2024
Image Credit: Wikipedia
Tags
Researchers at Carnegie Mellon University have developed “Zippy”, the world's smallest self-powered bipedal robot. Standing just 1.5 inches tall, Zippy can walk at over 0.5 miles per hour and is…
The University of Hong Kong (HKU) has surpassed Peking University (PKU) in the latest QS World University Rankings, becoming the highest-ranked Chinese institution and marking a significant achievement for the…
Over 80 exhibitors are showcasing more than 1,000 products — including Japanese sake, plum wine, and beer — at the ongoing Japan Sake Month, the largest Japanese sake trade fair…
China will expand its visa waiver policy to include six additional countries starting June 1, aiming to further stimulate inbound tourism. Under a reciprocal agreement with Uzbekistan, citizens of both countries…
SpaceX Cleared to Boost Starship Launch Frequency in Texas, Expands Nationwide Launch Ambitions
May 9, 2025
SpaceX has received regulatory approval to significantly increase the launch frequency of its Starship rocket from its Texas launch site, marking a key milestone in the company's strategy to scale…
China has expressed strong opposition to the United States' announcement of imposing so-called "reciprocal tariffs" on its trading partners, vowing to take resolute countermeasures to defend its legitimate rights and…
