Foxconn, the largest manufacturer of Apple iPhones, has invested $55.29 million in Foxconn Precision Engineering Private Limited in Bengaluru. The investment was made through its Singapore-based subsidiary. Foxconn is expected to create employment for 50,000 people in the first phase at Devanahalli, as announced by the Karnataka government. The manufacturing facility will be set up within the Information Technology Investment Region (ITIR) industrial area at Doddaballapur in Devanahalli Taluk. The plant aims to produce 1 lakh iPhones by December 2025, with investments spread over three phases.
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iPhone manufacturer Foxconn expands investment in Bengaluru unit, infuses Rs 461 crore more
Foxconn, the largest manufacturer of Apple iPhones, has invested $55.29 million in Foxconn Precision Engineering Private Limited in Bengaluru. The investment was made through its Singapore-based subsidiary. Foxconn is expected to create employment for 50,000 people in the first phase at Devanahalli, as announced by the Karnataka government. The manufacturing facility will be set up within the Information Technology Investment Region (ITIR) industrial area at Doddaballapur in Devanahalli Taluk. The plant aims to produce 1 lakh iPhones by December 2025, with investments spread over three phases.
Disclaimer
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
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