Foxconn to invest $600 mn in K'taka for component, chipmaking units

Taiwan's Foxconn will invest $600 million in two manufacturing projects in Karnataka, including one which will be a partnership with US-based Applied Materials, the state government said. The two projects would create employment opportunities for 13,000 people in the state. Foxconn will invest $350 million to set up a unit to manufacture components for smartphones, including iPhones.