Hon Hai Precision Industry Co., an electronics manufacturer also known as Foxconn, has received regulatory clearance from Taiwan’s Ministry of Economic Affairs (MOEA) to invest approximately USD 1.49 billion in India through its Singapore-based subsidiary, Foxconn Singapore Pte. Ltd.
The investment will be routed to Yuzhan Technology (India) Private Ltd., a company established to set up a new production facility for manufacturing smartphone components. The proposal was reviewed and approved by the MOEA’s Department of Investment Review in June 2025.
The new facility is part of Hon Hai’s broader strategy to expand its manufacturing footprint across Asia. India remains a key focus, with the company currently operating multiple sites across Tamil Nadu, Karnataka, and other states. According to company data, Hon Hai operates 12 locations in India as part of its global network of 223 sites in 24 countries.
Hon Hai, also known internationally as Foxconn, is a Taiwan-headquartered electronics manufacturer and a major supplier to global consumer electronics brands.
