Foxconn's $435M Chip Plant Boosts Apple Production in India

Foxconn's new $435M chip facility in India will power Apple devices and cut reliance on China. Here's what it means for the tech and chip market.

Matilda

Foxconn's $435M Chip Plant Boosts Apple Production in India

Looking for details about Foxconn’s $ 435 million chip project in India ? You're not alone. Many are searching to understand what this massive investment means for Apple’s manufacturing strategy , India’s semiconductor ambitions , and the global tech supply chain shift away from China . Approved by India’s cabinet, this major deal marks a significant leap in India’s efforts to become a global semiconductor hub while allowing Apple to diversify its production and reduce geopolitical risk. Image Credits:Thomas Lee/Bloomberg/ Getty Images Foxconn, Apple’s leading manufacturing partner, has teamed up with India’s HCL Group to build a new semiconductor assembly and testing plant near Jewar Airport in Uttar Pradesh. Valued at ₹ 37 billion ( roughly $ 435 million), the facility will initially focus on Outsourced Semiconductor Assembly and Test ( OSAT) services rather than chip fabrication. This means the plant will package and test chips manufactured elsewhere— laying the groundwork …

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