Foxconn to invest $600 million to set up two plants in Karnataka

Taiwanese firm Foxconn is set to invest $600m in two plants in Karnataka. One of the plants will be set up in a partnership with US firm Applied Materials and will receive $250m in funding, while the other plant will focus on smartphone components and will be granted $350m. The new project will create up to 14,000 jobs and is thought to require 100 acres of land.

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