Andhra Pradesh is aggressively courting South Korean tech giants Hyundai Mobis, LG Electronics, and APACT for investments in EV components, semiconductors, and electronics manufacturing. LG has confirmed a ₹5,000 crore plant at Sri City, while Hyundai Mobis is evaluating an EV semiconductor hub near Tirupati/Anantapur. This signals a major push for Andhra Pradesh as an electronics and EV manufacturing destination, directly relevant to India's PLI schemes and semiconductor mission.
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- ›LG Investment in AP: ₹5,000 crore at Sri City
- ›LG Plant Jobs: ~1,500 jobs
- ›Target this Data: LG Electronics' investment of ₹5,000 crore at Sri City, Andhra Pradesh
- ›Target this Data: APACT OSAT project investment of ₹468 crore, producing 96 million devices/year
- ›Target this Nodal Body: Andhra Pradesh State Skill Development Corporation (APSSDC) for OSAT training
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