Stay updated with breaking news from Avanstrate Inc. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
The company in February announced its partnership with global electronics manufacturing firm Hon Hai Technology group to manufacture semiconductors in the country
The ₹76,000 crore India Semiconductor Mission (ISM), recently announced by the Ministry of Electronics and IT (MeitY), is a resounding statement of intent by the government to gain a foothold in the $553 billion global semiconductor market.
Anil Agarwal-owned company to be the majority shareholder in the joint venture
Under this plan, Foxconn and Vedanta will now make semiconductors in India. Vedanta will hold the majority stake in the new JV.
Taipei, Feb. 14 (CNA) Taiwan-based manufacturing giant Hon Hai Precision Industry Co. is planning a joint venture in India to produce semiconductors, its latest move to diversify its business beyond electronics contract manufacturing.