New Delhi: The Taiwanese government has approved Foxconn’s proposals to invest over $2.2 billion across India and the United States, marking a significant step in the electronics major’s global expansion strategy.
According to Taiwan’s Ministry of Economic Affairs (MOEA), the Department of Investment Review gave the green light to two investment plans by Hon Hai Precision Industry Co (Foxconn), aimed at scaling its operations outside China. The approvals come as Foxconn seeks to diversify its manufacturing and infrastructure presence globally amid geopolitical shifts in supply chains.
One of the two cleared proposals includes a $1.49 billion capital infusion into Foxconn Singapore Pte Ltd. This Singapore-based unit will subsequently invest the capital into Yuzhan Technology (India) Pvt Ltd, a Foxconn subsidiary operating in India.
Yuzhan Technology is currently involved in setting up a manufacturing plant in Sriperumbudur, Tamil Nadu. The facility is focused on assembling smartphone display modules, a critical component of Apple’s India production ecosystem. This development aligns with broader efforts by Apple and its key suppliers to reduce dependency on Chinese manufacturing hubs.
In May 2025, Foxconn disclosed a $1.48 billion investment in India. The approval of the latest funding plan adds momentum to its ongoing expansion in the region.
In a parallel move, Foxconn will use $735 million from its disposal capital to establish a new entity in the United States, named Project ETA (DE) LLC. The company, to be based in Delaware, will focus on producing data center modules and assembling servers. This is seen as a step toward strengthening Foxconn’s presence in high-performance computing and enterprise infrastructure solutions.
