25 september 2024 : Foxconn is considering a $1 billion investment to establish a facility in Tamil Nadu for assembling smartphone display modules, as reported by The Economic Times. This will mark Foxconn’s first display module unit in India and is intended to support Apple’s iPhone production. Other manufacturers, such as Pegatron or Tata Electronics, may also utilize components from this facility.
An executive mentioned that local assembly units could help mitigate supply chain delays and costs, ultimately benefiting brands by speeding up delivery times. Foxconn has secured 500,000 square feet at an industrial park in Oragadam, near Chennai, adjacent to its existing smartphone assembly plant.
Foxconn is rapidly expanding its smartphone operations in India and also aims to venture into other sectors, including electric vehicles (EVs), batteries, and semiconductors.
Currently, India relies heavily on imports for its display modules, primarily sourcing them from China and South Korea. Major global players in the display module market include Samsung Display, BOE Technology, and LG Display, while local assembly is mainly dominated by Chinese companies like TCL CSOT and TXD (India) Technology.
