India Apple-Supplier Foxconn’s $ 433 million chip approves joint venture

Foxconn, The world’s largest contract is an investment of an electronics manufacturer, a total of 37.06 billion rupees ($ 433 million) from the Indian government, the Group of Group received a semiconductor plant.

The plant to be built in Uttar Pradesh in India will operate in 2027 in 2027, Ashwin Vaishnaw, India’s Information Minister, told the Cabinet briefing on Wednesday.

Foxconn’s screen driver will produce chips, in Vaishnaw, mobile phones, laptops, cars, computers, computers and other consumer electronics, he said.

According to the Minister’s presentation, the plant was designed to produce up to 20,000 wafrits and 36 million screen drivers. WAfters are generally silicone, which form the basis of chips, generally silicone, and slices.

Comes as a bargain Apple Suppliers, including Foxconn, are in sustainable trading tension between Beijing and Washington, and grow in India to India. However, the production of chip production to the country a Difficult and long time.

Taiwan, known as Hon Hai Technology Group, began to produce iPhone in India for the first time, and in recent years, especially in recent years, refused potential in recent years Pandemic related production delays In China in 2022.

In 2023 the company Out of a joint venture Conglomate will build a semiconductor with Conglomate Molda, and demonstrate a production plant in the country under a contract of $ 19.5 billion.

Apple has been reported to change most of the iPhone production As in China, US President Donald Trump faces tariffs in the country.

India can be considered About 15% -20% of the total iPhone production By the end of 2025 according to Bernstein analysts. It always estimates that ISI is currently gathering from 10% to 15% to 15% in India.

The majority of Apple’s most important products, such as smartphones and computers Liberty from Trump’s “Interaction Tariffs” last monthAuthorities warned that freedoms could be temporary.

Is the US Trade Department The National Security investigation is conducting To imports of low-level products that can result in semiconductor technology imports and new tariffs.

During the US Trump’s current term, it is 10% of additional tariffs from China, which is 10% for other countries, including India and Vietnam.

There are analysts reported to CNBC beforeThis Trump’s tariff policy was expected to accelerate its efforts to india produce production by Apple.

India imitated Foxconn as part of himself “Semiconductor mission“Which aims to build a strong chips and demonstrate ecosystem in the country. Foxconn Joint venture will be the sixth semiconductor union to be built under the plan.

– CNBC’s Arjun Kharpal contributed to this report.