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BBCNEWS World Business Report June 4, 2024 13:35:00

To india now, where the asian tech giant foxconn has pulled out of a £19.5 billionjoint venture to build a factory for semiconductors, the increasingly valued microchips that drive modern technology. the taiwanese company had signed a pact with the indian company vedanta to set up semiconductor and display production plants in gujarat, the home state of indian primeminister narendra modi. it s a huge setback for modi s plans, as our asia business reporter monica miller explains. prime minister narendra modi has made chip making a top priority for india s economic strategy, in pursuit of what they say is a new era of electronics making. it doesn t get much bigger than foxconn, which makes roughly 70% of apple s iphones. india estimates that its semiconductor market could be worth $63 billion by 2026. now, we need to go back a little bit, to explain how this partnership happened. ....

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Vedanta-Foxconn $19.5 billion JV is off; more job cuts likely at Dunzo

Barely a year after Taiwans Foxconn signed a joint venture with Indian conglomerate Vedanta to set up semiconductor manufacturing plants in the country, the former has pulled out of the deal, in a potential spoiler for Indias semiconductor story. ET reported first about the differences between the two parties last month. This and more in todays ETtech Top 5. ....

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Foxconn Withdraws From Rs 1.5 Lakh Crore Vedanta Chip Plan In India

Foxconn on Monday said it has decided to pull out of semiconductor joint venture with Indian conglomerate Vedanta, according to a statement. ....

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$19.5B blow to India: Foxconn dumps Vedanta chip plan

Taiwan's Foxconn announced on Monday that it has decided to exit a $19.5 billion semiconductor partnership with Indian metals-to-oil conglomerate. ....

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UK's GBP1BN semiconductor plan branded 'disappointing' by chip sector

After a two-year wait, the UK has finally announced its semiconductor support plan, aiming to grow the domestic sector, increase its competitiveness, and reduce ....

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