Taiwanese electronics giant Foxconn is considering an investment of approximately $1 billion to establish a smartphone display module assembly unit in Tamil Nadu. This would be Foxconn's first such facility in India, primarily aimed at supplying Apple for iPhone production.The new facility will enable other manufacturers, such as Pegatron and Tata Electronics, to source components locally instead of relying on imports from China. Foxconn has already acquired around 500,000 square feet at the ESR Oragadam Industrial & Logistics Park, adjacent to its existing smartphone assembly plant near Chennai. Industry experts believe this venture will enhance India's role in the electronics assembly and manufacturing value chain. Tarun Pathak, research director at Counterpoint, noted that while smartphone assembly contributes about 5% local value, display assembly
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