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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
Foxconn, officially named Hon Hai Precision Industry, is now looking for new partners
Foxconn intends to apply for India's semiconductor manufacturing incentives despite exiting its $19.5 billion joint venture with Vedanta.
Taiwan's Foxconn plans to apply for incentives under India's semiconductor manufacturing plan after ending its $19.5bn chipmaking joint venture with Vedanta. Foxconn said it remains committed to investing in India
Taiwanese electronics manufacturing giant Foxconn is working to apply separately for setting up a semiconductor manufacturing unit in India, the company said today.