Foxconn to invest in Tamil Nadu in electronics components sectors

News Snapshot:

Taiwan’s Foxconn is likely to make fresh investments in Tamil Nadu, where the company already assembles Apple iPhones, in the high-end electronics components manufacturing sector. The new project will be independent of the group's existing units. The investment will be made by Foxconn Industrial Internet (Fii), the largest subsidiary of Foxconn Technology Company, very soon, highly placed sources told DH. Foxconn group gave the commitment to the Tamil Nadu government during a meeting between its high-level team led by Brand Cheng, CEO, Fii, and Chief Minister M K Stalin on Wednesday. “Foxconn has committed to invest more in the state...