Foxconn invests $600 million in Karnataka for manufacturing.

BENGALURU (Reuters) – Taiwan’s Foxconn will invest $600 million in two manufacturing projects in southern Indian state of Karnataka, including one which will be a partnership with U.S.-based Applied Materials, a state government statement said.

Foxconn will invest $350 million to set up a unit to manufacture components for smartphones, including for iPhone, said the statement, first being reported by Reuters.

The world’s largest contract manufacturer will also invest $250 million in a second plant where it aims to produce chipmaking tools in partnership with Applied Materials, a key player globally in the semiconductor equipment making industry.

(Reporting by Munsif Vengattil in Bengaluru; Editing by Aditya Kalra and Himani Sarkar)