Foxconn Unit FII to Sign $194 Million Agreement to Set Up Components Factory in Tamil Nadu

The new facility for electronic components will create 6,000 jobs

By Reuters | Updated: 31 July 2023 12:24 IST

Foxconn Unit FII to Sign $194 Million Agreement to Set Up Components Factory in Tamil Nadu

Photo Credit: Reuters

Foxconn plans to quadruple the workforce at its iPhone factory in Tamil Nadu by late 2024

Highlights

Foxconn Industrial Internet will build a campus in Kancheepuram district
The facility will be separate from the current campus near Chennai
Foxconn's FII makes electronic devices, cloud service equipment

A Foxconn unit will on Monday sign an agreement with India's Tamil Nadu state to build a new facility for electronic components that will create 6,000 new jobs, a senior state government source with direct knowledge said.

The subsidiary, Foxconn Industrial Internet (FII), plans to invest Rs. 1,600 crore ($194.45 million) to build a campus in Kancheepuram district, near the state's capital of Chennai, added the source, who was not authorised to speak publicly about the matter.

The facility will be separate from the current sprawling campus near Chennai where Foxconn assembles Apple's iPhone models and employs more than 35,000 people, the source said.

[Sponsored] Samsung Galaxy S24: The Ultimate Camera Phone With Smarter On-Device AI

Foxconn did not immediately respond to a request for comment. The state government, which did not immediately respond to a request for comment, said on LinkedIn on Monday morning a "big announcement" was expected during the day that would mean Tamil Nadu would retain its "top position as India's Electronics Powerhouse."

Reuters reported last week the Foxconn subsidiary was in talks with Tamil Nadu about the investment, with the company aiming for the plant's completion in 2024.

Foxconn's FII makes electronic devices, cloud service equipment and industrial robots. It was not immediately clear if the new India plant would make components for iPhone models or for other companies, or both.

Foxconn Unit in Talks for $200 Million Components Plant in Tamil Nadu: Report

An official announcement is expected from the state government later in the day, with Foxconn chairman Young Liu, who has been in India to attend the federal government's semiconductor conference, attending the signing ceremony with state chief minister, the source said.

Foxconn plans to quadruple the workforce at its iPhone factory in Tamil Nadu by late 2024 in a bid to spread its bets beyond China, Reuters reported last year.

Samsung launched the Galaxy Z Fold 5 and Galaxy Z Flip 5 alongside the Galaxy Tab S9 series and Galaxy Watch 6 series at its first Galaxy Unpacked event in South Korea. We discuss the company's new devices and more on the latest episode of Orbital, the Gadgets 360 podcast. Orbital is available on Spotify, Gaana, JioSaavn, Google Podcasts, Apple Podcasts, Amazon Music and wherever you get your podcasts.

Affiliate links may be automatically generated - see our ethics statement for details.

Comments

For the latest tech news and reviews, follow Gadgets 360 on X, Facebook, WhatsApp, Threads and Google News. For the latest videos on gadgets and tech, subscribe to our YouTube channel. If you want to know everything about top influencers, follow our in-house Who'sThat360 on Instagram and YouTube.