Apple’s major manufacturer, Foxconn, has been approved by the Indian Cabinet to build a 370 billion Indian Luffy ($ 445 million) semiconductor plant in a joint venture with the US IT GIANT HCL Group. This contract is the latest measure that reduces Apple’s dependence on China and produces more components in India.
The factory, located near Jewar Airport in the northern state of Uttar PRADESH and is expected to start operating in 2027, is eventually said by IT IT, India’s IT, in New Delhi, on Wednesday. The driver chip display screen processes the method of displaying images, text and video.
However, because of the lack of high -end chip manufacturing facilities in India, this plant does not perform chip manufacturing immediately, but it will first be used as a semiconductor assembly and test (OSAT) facility. This will focus on providing packaging and testing services for chips manufactured elsewhere, according to TechCrunch.
However, Vaishnaw hope that this facility is necessary to develop its own fabs to create a chip that can supply the Apple device after starting with the display panel chip that can be tested.
“If you have this device, the display panel will also come to India.
Nevertheless, this contract is still another stage for Apple, which is still diversifying its manufacturing far from China and strengthening its relationship with India. It has been a few days since the announcement of the agreement that Apple CEO Tim Cook said that one way for Apple to deal with trade uncertainty between the United States and China has made India more manufactured and assembled.
At that time, COOK means that if the relationship with India intensifies, the Apple will not raise the price of the device due to tariffs, but the company is considering increasing measurement prices.
Apple has already doubled India in assembling the iPhone exported to the US and other markets locally. The company also plans to expand the manufacturing base by creating other devices including AirPod.
The minister did not confirm the details of the incentives to be provided to Foxcon in the joint investor of the Indian government. In accordance with the state -owned semiconductor system, the Indian government provides financial support that covers up to 50%of capital expenditures to establish facilities.
In January last year, Foxconn’s subsidiary Hon Hai Technology India Mega Development announced plans to invest $ 37.2 million in a 40% stake in a joint venture with HCL.
The latest approval is the semiconductor facility in the western state of Gujarat, where New Delhi Greenlit suggested 33 billion Indian Luffy ($ 38.6 million) after eight months after the proposed by Kaynes Semicon, a subsidiary of Bengaluru’s Kaynes Technology. I suggested that I will establish it.
In February last year, the Indian government assigned up to 1.26 trillion Indian Luffy ($ 15 billion) and approved the first three semiconductor factories, including the first semiconductor fab facility, in accordance with the $ 10 billion incentive program announced in 2021.
Vaishnaw refused to share details at a press conference on Wednesday, but the industry is currently looking forward to news about the second stage of the Indian government’s semiconductor incentive program.