Iraq Bulletin

Tag : Foxconn

Technology

India weighs $11 billion fund to boost chipmaking

iraqbulletin.co
NEW DELHI: India is preparing a new fund worth more than 1 trillion rupees, or about $11 billion, to support domestic semiconductor production, according to a report published Thursday. The report said the proposed funding would provide subsidies for chip design projects, manufacturing equipment and the development of a local semiconductor supply......
Technology

Apple partner Foxconn buys 13 million square feet site in Bengaluru for production expansion

iraqbulletin.co
Foxconn, the leading Apple supplier, has acquired a massive 1.2 million-square-meter (13 million-square-foot) property on the outskirts of Bengaluru, India, according to a statement issued to the London Stock Exchange. The purchase, located in Devanahalli near the airport for the Indian tech hub, is part of Foxconn’s efforts to diversify......