Foxconn-HCL Semiconductor Plant

This is a Foxconn news story, published by CNBC, that relates primarily to HCL Group news.

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display production plant

CNBC

•

Technology

India approves Apple-supplier Foxconn's $433 million joint venture in bid to boost chip industry

Summary

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85% Informative

Foxconn , the world's largest contract electronics manufacturer, has received approval from the Indian government to build a semiconductor plant in a joint venture with HCL Group .

The plant is expected to be operational in India 's northern state of Uttar Pradesh by 2027 and will manufacture Foxconn 's display driver chips, used in consumer electronics.

Deal comes as Apple suppliers increasingly look towards India as a way to reduce their reliance on China , amid persistent trade tensions.

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Neutral language

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formal

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English

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not offensive

Hate speech