Electronics Giant Hon Hai Technology Group, prominently known as Foxconn, on Tuesday denied claims of committing Rs 15,000 crore of additional investment in Tamil Nadu.

The Taiwanese semiconductor giant, in a statement issued to an Indian publication, said its India representative Robert Wu had a meeting with Chief Minister MK Stalin and other officials on Monday. During the meeting, however, “no new investments were discussed”, according to the statement issued to the Times of India.

A day earlier, Tamil Nadu Industries Minister TRB Rajaa had claimed on social media platform X that Foxconn has committed an investment of Rs 15,000 crore, which will lead to the generation of 14,000 high-value jobs.

(This is a developing story)