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Foxconn: The company – also known by its official name Hon Hai Precision Industry Co. Ltd— is building a modern facility to assemble 20 million smartphones annually on a 300-acre plot spred acrss Doddagollahalli and Chpparadahalli villages in Devanahalli taluk, near the Kempegowda International Airport, Bengaluru.
Karnataka compensates Foxconn for Bengaluru facility, assembling 20M smartphones annually. CEO deposits compensation in court. 867.37 acres acquired for industrial estate, with additional $1.7 billion investment by Foxconn.