Foxconn, Apple’s largest iPhone partner, has applied to establish a semiconductor fabrication unit in India under the government’s modified semiconductor scheme, the Parliament was informed on Friday.
Minister of State for Electronics & IT Rajeev Chandrasekhar stated this in a written reply to the Lok Sabha.
This comes after Foxconn recently withdrew from a joint venture with Vedanta to manufacture chip fabs in India, citing global economic conditions.
The development aligns with Taiwanese electronics giants like Foxconn seeking production diversification beyond China amid geopolitical tensions affecting supply chains.
Earlier, Foxconn received approval to raise investment in its upcoming iPhone manufacturing facility in Karnataka from $1.6 billion to over $2.5 billion. The additional funds will increase production capacity for Apple devices.
While most of the new capital is for Apple, Foxconn may allocate some to produce devices and components for other clients, including electric vehicle parts.
This signifies major expansion plans beyond just iPhones as the company establishes India as its manufacturing hub outside China.
The Parliament response confirms Foxconn’s semiconductor ambitions in India will now move ahead independently after exiting the JV with Vedanta.
The company’s domestic application to set up a chip fab unit comes as India aggressively positions itself as an alternative electronics hub amid changing global supply chains.
