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Foxconn and Vedanta signed a pact last year to invest $19.5 billion to set up semiconductor and display production plants in Gujarat. The Taiwanese company and the metals-to-oil conglomerate called off their JV on July 10
Taiwanese manufacturing giant Foxconn on Tuesday said it is working on an application to access incentives under India's semiconductor manufacturing policy, a day after pulling out from its $19.5 billion joint venture with Vedanta.The company, ...
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 contract manufacturer pledged its commitment to India. The Taiwanese electronics manufacturing giant said it has been actively reviewing landscape for optimal partners. The comment assumes significance as Foxconn has pulled out from the $19.5 billion semiconductor JV with Vedanta.
Foxconn plans to apply separately for chip manufacturing incentives
The Taiwanese firm has now said that it is reviewing the landscape for optimal partners for the project in India