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Foxconn to pursue India plan without Vedanta, plans to apply for chip making unit separately

Electronics giant Foxconn plans to apply separately to set up a semiconductor manufacturing unit in India after exiting a joint venture with Vedanta. The move is aimed at taking advantage of incentives offered by the Indian government under its semiconductor manufacturing policy
Vedanta Ltd Anil Agarwal Vedanta Ltd Programme For Semiconductors Modified Programme Display Fab Anil Agarwal

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We remain committed to Make in India, will apply for incentives under semiconductor policy: Foxconn

Foxconn and Vedanta signed a pact last year to invest $19.5 billion to set up semiconductor and display production plants in Gujarat. The Taiwanese company and the metals-to-oil conglomerate called off their JV on July 10
Silicon Semiconductor Fabs Programme For Semiconductors Modified Programme Display Fab Ecosystem Display Fabs Has Foxconn

Foxconn working on application seeking incentives under India's semicon policy

Taiwanese manufacturing giant Foxconn on Tuesday said it is working on an application to access incentives under India's semiconductor manufacturing policy, a day after pulling out from its $19.5 billion joint venture with Vedanta.The company, ...
New Delhi Rajeev Chandrasekhar Ashwini Vaishnaw Programme For Semiconductors Hon Hai Technology Group Modified Programme

Foxconn plans to apply separately for chip manufacturing incentives

A day after announcing withdrawal from its chip-making JV with Indian conglomerate Vedanta, Foxconn on Tuesday said it is working on plans to apply for incentives under semiconductor and display fab programme, as the contract manufacturer pledged its commitment to India. The Taiwanese electronics manufacturing giant said it has been actively reviewing landscape for optimal partners. The comment assumes significance as Foxconn has pulled out from the $19.5 billion semiconductor JV with Vedanta.
Ashwini Vaishnaw Rajeev Chandrasekhar Programme For Semiconductors Modified Programme Display Fab Ecosystem Vedanta Foxconn
Source: rediff.com

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