<ul data-eligibleForWebStory="true"><li>Foxconn, also known as Hon Hai Precision Industry Co, has received approval from Taiwan’s ministry of economic affairs to invest over $2.2 Bn in India and the US.</li><li>A significant part of the investment, $1.49 Bn, will flow into Yuzhan Technology (India) Private Limited, a Foxconn entity, to establish a new manufacturing facility targeting smartphone components in India.</li><li>Foxconn aims to bolster iPhone manufacturing in India and expand its production capacity, with plans to build new facilities in Tamil Nadu and near Bengaluru airport, investing INR 25,000 Cr.</li><li>The investment is part of Foxconn’s strategy to diversify manufacturing operations amidst US-China trade tensions, including increasing semiconductor and battery manufacturing efforts in India.</li></ul>

Foxconn Bets Big On India & US, Gets Taiwan Govt Nod To Invest $2.2 Bn

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