Foxconn eyes $1 bn investment for smartphone display assembly in Tamil Nadu

Taiwanese electronics manufacturer Foxconn is considering an investment of around $1 billion to set up a smartphone display module assembly unit in Tamil Nadu, according to a report by The Economic Times.

This would mark Foxconn’s first such facility in India, aimed primarily at supplying Apple for its iPhone production. The facility is expected to follow a model that would allow other manufacturers, such as Pegatron or Tata Electronics, to source components locally instead of importing display modules from China.