Foxconn to spend $600M in India for iPhone parts, chip-making machinery - report
Robert Way

Foxconn Technology (OTCPK:FXCOF) will invest $600M in two manufacturing projects in Karnataka, India including one which will be in collaboration with Applied Materials (AMAT), Reuters reported citing a state government statement.
Foxconn â which is formally known as Hon Hai Precision (OTCPK:HNHAF) (OTCPK:HNHPF) â will invest $350M to establish a unit to produce components for smartphones, including for Apple's (AAPL) iPhone, the report added.

The Taiwan-based company will also invest $250M in a second facility where it intends to manufacture chipmaking tools in collaboration with Applied Materials.
Advanced Micro Devices (AMD) is also planning to invest about $400M in Karnataka, over the next five years.

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