Foxconn pulling plug on chip plant venture won't have impact on India's semiconductor goals: Govt
1 year, 5 months ago

Foxconn pulling plug on chip plant venture won't have impact on India's semiconductor goals: Govt

Hindustan Times  

Following the withdrawal of Taiwanese electronic contract manufacturer Foxconn from its chip joint venture with Vedanta on Monday, Union Minister of State for Electronics & Technology said that India's semiconductor fabrication goals will remain unscathed by the company's departure. Foxconn, the world's largest contract electronics maker, has decided to withdraw from a ₹1.5 lakh crore semiconductor joint venture with Indian metals-to-oil conglomerate Vedanta. India is just getting started…" Vedanta says it has secured other partners Meanwhile, Vedanta reaffirmed its strong commitment to the semiconductor project and stated that it has secured other partners to establish India's first foundry. Vedanta emphasized its dedication to fulfilling Prime Minister Narendra Modi's vision for semiconductors and asserted that India plays a crucial role in reshaping global semiconductor supply chains.

History of this topic

iPhone-maker Foxconn infuses ₹1,200 crore in Karnataka unit
4 months ago
IPhone maker Foxconn plans ₹13,300 crore in India expansion bid
1 year ago
Foxconn’s gift to PM Modi: iPhone maker promises to hire thousands as it looks to expand in India
1 year, 3 months ago
Foxconn backs India’s role in electronics manufacturing
1 year, 3 months ago
Foxconn seeks to work with STMicro to build India chip plant
1 year, 3 months ago
Foxconn teams up with STMicro for semiconductor plant in India: Report
1 year, 3 months ago
Foxconn gets board nod for $400 million investment in Telangana
1 year, 4 months ago
Karnataka-Foxconn sign Letter of Intent for two new projects worth ₹5,000 crore
1 year, 4 months ago
Our made-in-India chip will be ready in 2.5 years: Vedanta chairman on semiconductor plan
1 year, 4 months ago
Vedanta To Tie Up With A World-Class Tech Partner For Semiconductor Manufacturing, Chairman Anil Agarwal Says
1 year, 4 months ago
'Legal hurdles resolved, 300-acre of land will be given to Foxconn soon': Karnataka Minister MB Patil
1 year, 5 months ago
Why government financial support to semiconductor industry is essential for the sector's growth
1 year, 5 months ago
Foxconn eyes partner for new chip venture
1 year, 5 months ago
Foxconn plans India semiconductor unit without Vedanta, seeks ‘diverse’ stakeholders
1 year, 5 months ago
Day after Foxconn's withdrawal from joint venture, Vedanta shares decline nearly 3% in early trade
1 year, 5 months ago
Foxconn withdraws from its semiconductor joint venture with Indian conglomerate Vedanta
1 year, 5 months ago
Know why Foxconn broke up with Vedanta and set up shop in Tamil Nadu
1 year, 5 months ago
Vedanta Shares Down 3% After Foxconn Decides To Exit The Semiconductor JV; Details
1 year, 5 months ago
Foxconn to apply for India chipmaking incentives after breaking up with Vedanta
1 year, 5 months ago
Foxconn pulls out of chip JV with Vedanta
1 year, 5 months ago
As Foxconn dumps $19.5 bn chip plan, Uddhav camp's regret: ‘Maharashtra could have…’
1 year, 5 months ago
Foxconn withdraws from India's semiconductor joint venture with Vedanta
1 year, 5 months ago
Foxconn drops plans for $19.5 billion JV with Vedanta to make electronic chips
1 year, 5 months ago
Foxconn dumps $19.5bn Vedanta chip plan in blow to India
1 year, 5 months ago
Foxconn dumps $19.5 billion Vedanta chip plan in blow to India
1 year, 5 months ago
'India just getting started': Minister as Foxconn dumps $19.5 billion chip plan
1 year, 5 months ago
Foxconn iPhone factory: Clash for credit breaks out between BJP, Cong; DK had called Bommai govt MoU with company 'fake'
1 year, 6 months ago
ISMC's India chip plan stalls after Tower-Intel deal in setback to Modi
1 year, 6 months ago
Foxconn breaks ground for $500 million manufacturing plant near Hyderabad
1 year, 7 months ago
Foxconn's $300 million plant to take off on May 15
1 year, 7 months ago
‘Hope for more proposals like Vedanta-Foxconn for semiconductor fabs’
1 year, 10 months ago
Chips down on India: From Foxconn to TSMC, semiconductor giants are betting big on India
1 year, 10 months ago
Vedanta-Foxconn leads race to get govt nod for chip plant
1 year, 11 months ago
How Foxconn cleaned up its mess in India
2 years ago
‘World wants India…': Vedanta boss on PM Modi, Foxconn and Young India at HTLS
2 years, 1 month ago
Apple supplier Foxconn plans to quadruple workforce at India plant: Report
2 years, 1 month ago
Vedanta-Foxconn semiconductor plant site in Gujarat likely to be finalised in 2 weeks
2 years, 3 months ago
Vedanta-Foxconn plant: Was money demanded from firm, asks MNS' Raj Thackeray
2 years, 3 months ago
Foxconn’s US story may hold lessons for India’s chip hopes
2 years, 3 months ago
Vedanta Says Semiconductor Plant Deal With Gujarat Based on 'Independent Advice'; Maha Dy CM Fadnavis Responds
2 years, 3 months ago
Vedanta-Foxconn decision to set up semiconductor plant in Gujarat triggers political blame game in Maharashtra
2 years, 3 months ago
Aatmanirbhar Silicon Valley dreams to turn to reality: Why India’s first chip factory in Gujarat is reason to celebrate
2 years, 3 months ago
Vedanta, Foxconn to invest $19.5 bn in Gujarat for chip project
2 years, 3 months ago
Vedanta picks Gujarat for $20 billion India semiconductor foray
2 years, 3 months ago
Vedanta to invest up to USD 20 bn in semiconductor biz in India, rollout by 2025
2 years, 10 months ago
The curious case of Vedanta’s Foxconn tie-up to make chips
2 years, 10 months ago
Foxconn to invest $1 billion in India as Apple to shift factories from China
4 years, 5 months ago

Discover Related