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[ad_1] The ecosystem for semiconductor chips in India is for the “very brave”, Foxconn Chairman Young Liu said on Friday as he expressed optimism about the country’s semiconductor roadmap during the second edition of SemiconIndia in Gandhinagar. Earlier this month, Taiwan-based Foxconn, which also supplies for smartphone giant Apple, withdrew from a $19.5 billion (nearly … Read more
[ad_1] India’s Gujarat state is holding talks with Foxconn over a semiconductor plant, a top government official told Reuters, days after the Taiwanese giant broke off a joint-venture plan with India’s Vedanta. “We are in touch with multiple prospective investors, including Foxconn … Gujarat is uniquely positioned to attract top chipmakers,” said Vijay Nehra, secretary … Read more
[ad_1] The Indian government and Foxconn had concerns over the financial situation of Vedanta, which led to the Taiwanese company parting ways with Vedanta on a chipmaking joint venture, sources familiar with the information told Reuters. Indian conglomerate Vedanta’s London-based parent, Vedanta Resources, has been plagued by a rising debt pile. In a statement to … Read more
[ad_1] Taiwan’s Foxconn said on Tuesday it plans to apply for incentives that India is offering under its semiconductor manufacturing policy, a day after the company parted ways with Vedanta on a $19.5 billion (roughly Rs. 1,60,600 crore) chipmaking joint venture. “Foxconn is committed to India and sees the country successfully establishing a robust semiconductor manufacturing ecosystem,” … Read more
[ad_1] Taiwan’s Foxconn has withdrawn from a semiconductor joint venture with mining baron Anil Agarwal’s Vedanta as the venture struggled to get a technology partner to make chips that are used in mobile phones to refrigerators and cars. In a statement, Foxconn, the world’s largest contract electronics maker, said it “has determined it will not move … Read more
[ad_1] Taiwan’s Foxconn has withdrawn from a $19.5 billion (roughly Rs. 1,61,133 crore) semiconductor joint venture with Indian metals-to-oil conglomerate Vedanta, it said on Monday in a setback to Prime Minister Narendra Modi’s chipmaking plans for India. Foxconn, the world’s largest contract electronics maker, and Vedanta signed a pact last year to set up semiconductor … Read more
[ad_1] The Indian government is poised to deny crucial funding for Anil Agarwal’s chip venture, Bloomberg News reported on Tuesday, a setback to the billionaire’s ambition to build India’s ‘own Silicon Valley.’ The authorities are likely to inform the venture between Vedanta and Taiwan’s Foxconn that it won’t get incentives to make 28-nanometer chips, the … Read more