Foxconn Commits $2.2 Billion to Boost Manufacturing in India, US

Foxconn, the world’s largest electronics manufacturer and major Apple supplier, has received Taiwan government approval for $2.2 billion worth of investments in India and the United States, marking a significant expansion in its global manufacturing footprint.

The approval, granted by Taiwan’s Ministry of Economic Affairs (MOEA), covers two major projects. The first involves a $1.49 billion capital infusion into Foxconn Singapore Pte Ltd, which will then invest in Yuzhan Technology (India) Pvt Ltd—a Foxconn entity operating in India. This move strengthens Foxconn's presence in India, where it is already investing heavily to assemble smartphone display modules at its Sriperumbudur plant, aligning with Apple’s China-plus-one manufacturing strategy.

The second approval clears $735 million for establishing a new US-based venture named Project ETA (DE) LLC, focused on data center module production and server assembly—a key step in Foxconn’s broader plan to diversify into high-performance computing and cloud infrastructure.

These strategic investments reinforce Foxconn’s efforts to diversify supply chains, meet rising global demand for electronics and data center technologies, and reduce dependency on Chinese manufacturing. The latest capital approvals not only boost India’s electronics manufacturing ecosystem but also signal Foxconn’s long-term commitment to the US tech infrastructure sector.

With India emerging as a crucial hub for tech production, these investments also bolster the country’s Make in India initiative, potentially creating thousands of new jobs and strengthening local component manufacturing capacity.