Foxconn is reportedly considering a potential investment of around $1 billion to set up a smartphone display module assembly plant in Tamil Nadu. The facility will be the first of its kind for Foxconn in India, with a primary focus on serving Apple’s production needs for the iPhones.`

Foxconn is looking to invest $1 billion to establish a smartphone display module assembly unit in Tamil Nadu, focusing on Apple's iPhone. This development will elevate India's role in the electronic assembly value chain while reducing reliance on imports from China.

Foxconn is considering investing around $1 Bn (INR 8,354 Cr) for setting up a smartphone display module assembly plant in Tamil Nadu

From a broader industry perspective, the decision to assemble display modules in India is considered significant. Currently, India relies heavily on imports, particularly from China, for its display requirements.

Taiwanese contract manufacturer, Foxconn, is planning a $1 billion investment to establish a smartphone display module assembly unit in Tamil Nadu. This facility will be the first of its kind in India,

The Taiwanese firm has picked a 500,000 square feet parcel in near Chennai. If confirmed, this would be the first facility in India to have iPhone as the primary product

Foxconn has acquired around 500,000 sq ft at the ESR Oragadam Industrial & Logistics Park, located next to its smartphone assembly plant near Chennai

While the upcoming unit will primarily cater to Apple, it will also service other customers. Foxconn's model is going to be one wherein even other contract manufacturers can use the components from this unit,

Foxconn is set to invest $1 billion to establish a smartphone display module facility in Tamil Nadu. This move supports Apple's iPhone production and aims to reduce dependence on China.