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The move comes after the firm announced its decision to withdraw from a $19.5 billion semiconductor joint venture with Indian metals-to-oil conglomerate Vedanta.
new delhi, 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 cont
Taiwan-based electronics giant Foxconn is backing out of a $19.5 billion semiconductor joint venture with Indian mining conglomerate Vedanta Ltd.
According to a report from Bloomberg, Wistron has committed to shipping iPhones worth at least $1.8 billion (roughly Rs. 14,800 crore) from the factory in the fiscal year through March 2024 to win state-backed financial incentives.
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