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Foxconn and mining company Vedanta are to invest $19.5 billion in manufacturing facilities for chips and displays in India. $11.95 billion will go into
The Covid pandemic, global chip shortages, and now the war in Ukraine have laid bare both the urgent need for Indian self-sufficiency in high technology domains and the opportunity to become a global technology hub, as companies and countries seek to diversify their supplier base away from China and Europe.