Foxconn arm to infuse ₹13K cr to set up TN factory
Business Standard|October 09, 2024
The Tamil Nadu government on Tuesday cleared the ₹13,180 crore project by Yuzhan Technology, part of Taiwan's Foxconn Group, at Kancheepuram. The unit is reportedly expected to assemble smartphone display modules, which will be one of the first such units to cater to Apple's growing presence in the country.
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Foxconn arm to infuse ₹13K cr to set up TN factory

The unit is expected to generate at least 14,000 jobs. Of the 14 existing manufacturing units in the Apple supply chain, seven are based in Tamil Nadu.

The move comes as the American technology giant ramps up production in India through its largest vendors - Foxconn, Pegatron, Tata Electronics, and Wistron - to boost capacity.

The current suppliers in Tamil Nadu, include Tata Electronics, Flex, Hon Hai Precision (Foxconn), Guangdong Lingyi iTECH Manufacturing Co, ON Semiconductor Corporation, Pegatron Corporation, Taiwan Surface Mounting Technology, and Zhen Ding Technology Holding.

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