Page 127 - Stmicroelectronics News Today

STMicroelectronics Announces Status of Common Share Repurchase Program Disclosure of Transactions in Own Shares – Period from Jul 03, 2023 to Jul 07, 2023

Initially set to come up near Pune, the semiconductor plant shifted to Gujarat months before the Assembly elections there. This led the MVA to allege that the BJP orchestrated the move to help the government led by it in Gujarat before the polls.

Foxconn is best known for assembling iPhones and other Apple products but in recent years it has been expanding into chips to diversify its business.

The Vedanta-Foxconn venture announced its chipmaking plans in Gujarat last September

Taiwan's Foxconn announced it has withdrawn from a $19.5 billion joint venture with Indian metal-steel conglomerate Vedanta

Taiwans Foxconn has withdrawn from a $19.5 billion semiconductor joint venture with Indian conglomerate Vedanta, in a setback to Prime Minister Modis chipmaking plans for India.

Vedanta responded saying it was "fully committed to its semiconductor fab project and we have lined up other partners.

Apple iPhone manufacturer Foxconn has ended its planned joint venture with India's Vedanta company, an almost $20 billion project to boost chip production in the country.

Taiwan's Foxconn announced on Monday that it has decided to exit a $19.5 billion semiconductor partnership with Indian metals-to-oil conglomerate...

Last year, the two companies formed a JV, where Vedanta had a 67 per cent stake, to set up a semiconductor fab unit at Dholera in Gujarat