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Foxconn dumps $19.5 billion Vedanta chip plan in blow to India

Taiwan's Foxconn has withdrawn from a $19.5 billion semiconductor joint venture with Indian metals-to-oil conglomerate Vedanta, it said on Monday in a setback to Prime Minister Narendra Modi's chipmaking plans for India. Foxconn, the world's largest contract electronics maker, and Vedanta signed a pact last year to set up semiconductor and display production plants in Modi's home state of Gujarat. "Foxconn has determined it will not move forward on the joint venture wi...
T Ai Pei New Delhi Aditya Kalra Ben Blanchard Alexander Smith Jason Neely
Source: yahoo.com

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Global Sales of Logic Semiconductor is Expected to Accelerate at a Whopping 10.4% CAGR, Reaching US$ 491.1 Billion by 2031

Doubling of electric vehicle sales between 2021 and 2020 is attributed to Asia Pacific's dominant share of the global logic semiconductor marketWilmington, Delaware, United States, July 10, 2023 (GLOBE NEWSWIRE) -- Transparency Market Research Inc. - The global logic semiconductor market was valued at US$ 186.9 Bn in 2021 and is projected to expand at a CAGR of 10.4% during the forecast period from 2022 to 2031. Increase in demand for smart and compact electronic devices is fueling the logi...
United States South Korea Asia Pacific Nikhil Sawlani India Brand Equity Foundation Toshiba Electronic Devices Storage Corporation Inc
Source: yahoo.com

Foxconn withdraws from $19.5 billion Vedanta chip plan in India

Taiwan's Foxconn said on Monday it had withdrawn from a joint venture with conglomerate Vedanta, in a blow to Indian Prime Minister Narendra Modi's chipmaking plans. * Feb. 14, 2022: Foxconn partners with Vedanta to make semiconductors in India in a bid to diversify its business. Foxconn said it will be "a significant boost to domestic manufacturing of electronics in India".
Tanvi Mehta Alexander Smith Narendra Modi Indian Prime Minister Narendra Modi Anil Agarwal Joint Venture
Source: yahoo.com

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