Vedanta-Foxconn finalises Gujarat's Dholera for first semiconductor manufacturing plant in India
2 years, 1 month ago

Vedanta-Foxconn finalises Gujarat's Dholera for first semiconductor manufacturing plant in India

India TV News  

Vedanta-Foxconn finalises Gujarat's Dholera for first semiconductor manufacturing plant in India Vedanta and Foxconn in September 2022 signed a Memorandum of Understanding with the Gujarat government to invest Rs 1,54,000 crore in the state. India first semi-conductor plant: Dholera Special Investment Region near Ahmedabad has been finalised by Foxconn and Indian conglomerate Vedanta to set up their semiconductor and display manufacturing plant, a senior government official said. Vedanta and Foxconn in September 2022 signed a Memorandum of Understanding with the Gujarat government to invest Rs 1,54,000 crore in the state. "After a detailed site analysis in consultation with Gujarat government authorities, the joint venture entity of Vedanta and Foxconn has selected Dholera SIR for setting up their semiconductor and display manufacturing facility.

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History of this topic

Semicon 2.0 policy in the next 3-4 months: Ashwini Vaishnaw
6 months, 2 weeks ago

Semicon 2.0 policy in the next 3-4 months: Ashwini Vaishnaw

Hindustan Times  

The government will launch the second phase of India’s semiconductor manufacturing policy in the next three to four months as the first stage is “practically complete”, electronics and IT minister Ashwini Vaishnaw said. “The focus is on developing the entire ecosystem which includes equipment, specialised materials, and specialised chemicals and gases,” he said. Vaishnaw didn’t specify the outlay for Semicon …

PM Modi to lay foundation for 3 semiconductor facilities worth ₹1.25 lakh cr
1 year ago

PM Modi to lay foundation for 3 semiconductor facilities worth ₹1.25 lakh cr

Live Mint  

Prime Minister Narendra Modi will lay the foundation stones for three semiconductor facilities worth over Rs. The PM will lay the foundation stone for the Semiconductor fabrication facility at the Dholera Special Investment Region and the Outsourced Semiconductor Assembly and Test facility at Sanand located in Gujarat. The statement said that PM Modi will lay the foundation stone for semiconductor …

Union cabinet approves three more semiconductor plants in India
1 year ago

Union cabinet approves three more semiconductor plants in India

Op India  

In a major initiative in fulfilling the Narendra Modi government’s ambition to turn India into a semiconductor manufacturing hub, the Central government on Thursday, approved the proposal for setting up three semiconductor plants in India. #WATCH | Union Minister Ashwini Vaishnaw says, "Today the Prime Minister has taken an important decision to set up semiconductor fab in the country. The …

Govt clears three semiconductor plants in Gujarat and Assam, CM Himanta says 'game changer for North East'
1 year ago

Govt clears three semiconductor plants in Gujarat and Assam, CM Himanta says 'game changer for North East'

India TV News  

The Modi government on Thursday approved proposals to set up three semiconductor units in Gujarat and Assam with an estimated investment of Rs 1.26 lakh crore. Three semiconductor plants in Gujarat and Assam Tata Electronics Private Limited will set up a semiconductor fab in partnership with Powerchip Semiconductor Manufacturing Corp, Taiwan. Assam CM Himanta Biswa Sarma thanks PM Modi for …

Vedanta invites Japanese firms to invest in electronics manufacturing in India
1 year, 5 months ago

Vedanta invites Japanese firms to invest in electronics manufacturing in India

Live Mint  

New Delhi: Vedanta Limited, the Ani Agarwal-led conglomerate, has invited Japanese firms to form collaborations and invest in India's “electronics manufacturing revolution”. “The demand for electronics in India is fuelled by the Indian government's initiatives such as Make in India, Digital India, and the 100 Smart Cities Mission, which aim to promote local manufacturing, digitalisation and technological advancement across various …

Foxconn will double its investment in India as birthday gift to PM Modi
1 year, 6 months ago

Foxconn will double its investment in India as birthday gift to PM Modi

Op India  

On 17th September, Taiwanese contract manufacturing company Foxconn’s India representative, V Lee, wished Prime Minister Narendra Modi a happy 73rd birthday in a LinkedIn post and said the company plans to double its investment and people it employs in India in the next year. The company plans to double the workforce within the coming year, increase foreign direct investment and …

Foxconn’s gift to PM Modi: iPhone maker promises to hire thousands as it looks to expand in India
1 year, 6 months ago

Foxconn’s gift to PM Modi: iPhone maker promises to hire thousands as it looks to expand in India

Firstpost  

Foxconn has hinted that it plans to expand rapidly in India and will create tens of thousands of jobs by next year. Lee expressed Foxconn’s strong commitment to doubling its workforce, increasing foreign direct investment, and expanding its overall business operations in India within the next year. We will redouble our efforts to offer you an even greater birthday gift …

Foxconn teams up with STMicro for semiconductor plant in India: Report
1 year, 6 months ago

Foxconn teams up with STMicro for semiconductor plant in India: Report

India Today  

Foxconn Technology Group is collaborating with STMicroelectronics NV to submit a joint bid for constructing a semiconductor manufacturing plant in India, with the aim of securing state support for this endeavor, reported Bloomberg News. It may be noted that setting up semiconductor manufacturing plants is a formidable task, as these facilities entail substantial investments, often reaching billions of dollars, and …

Karnataka-Foxconn sign Letter of Intent for two new projects worth ₹5,000 crore
1 year, 7 months ago

Karnataka-Foxconn sign Letter of Intent for two new projects worth ₹5,000 crore

The Hindu  

The Karnataka government and iPhone maker Foxconn have signed the Letter of Intent to set up two additional projects with an estimated investment outlay of ₹5,000 crore, said Large and Medium Industries Minister M.B. The intended projects include a phone enclosure project for which Foxconn Industrial Internet,, a Foxconn subsidiary, will invest ₹3,000 crore that is estimated to create 12,000 …

Our made-in-India chip will be ready in 2.5 years: Vedanta chairman on semiconductor plan
1 year, 7 months ago

Our made-in-India chip will be ready in 2.5 years: Vedanta chairman on semiconductor plan

The Hindu  

Vedanta group chairman Anil Agarwal on July 28 said that first phase of its semiconductor project will involve $5 billion investment of the overall $20-billion outlay, and the venture will be ready with made-in-India chip in two and a half years. "In 2.5 years, we will give you Vedanta made-in-India chips," Mr. Agarwal told reporters on the sidelines of SemiconIndia …

Vedanta To Tie Up With A World-Class Tech Partner For Semiconductor Manufacturing, Chairman Anil Agarwal Says
1 year, 7 months ago

Vedanta To Tie Up With A World-Class Tech Partner For Semiconductor Manufacturing, Chairman Anil Agarwal Says

News 18  

Indian conglomerate Vedanta’s Anil Agarwal on Friday outlined ambitious semiconductor manufacturing plans for India, saying that the global mining company has identified a world-class technology partner and is in the process of tying up with them, its Chairman Anil Agarwal said on Friday. “For semiconductor we have identified world class partner, we have already identified a world class partner for …

Why government financial support to semiconductor industry is essential for the sector's growth
1 year, 8 months ago

Why government financial support to semiconductor industry is essential for the sector's growth

Firstpost  

Previous governments have displayed criminal neglect for this sector, and delivering results for the Modi government will require heavy lifting not just at the central level but also at the state and regional levels When the Indian economy was opening up in the 90s, foreign direct investment in various sectors was being invited. While global and domestic companies ramped up …

‘India will have a robust semiconductor-making ecosystem, we’re committed to it’: Foxconn
1 year, 8 months ago

‘India will have a robust semiconductor-making ecosystem, we’re committed to it’: Foxconn

Firstpost  

After exiting the joint venture with Vedanta, Foxconn has released a statement saying that it believes that India will successfully establish a robust semiconductor manufacturing ecosystem and that the Foxconn group is committed to grow along with India Semicon There has been a lot of speculation about Semicon India, after Foxconn pulled out of the Joint Venture it was supposed …

Foxconn to pursue India plan without Vedanta, will apply for chip making unit separately
1 year, 8 months ago

Foxconn to pursue India plan without Vedanta, will apply for chip making unit separately

Op India  

A day after breaking the joint venture deal with metal-to-oil conglomerate Vedanta group, Foxconn announced on Tuesday, 11 July, that it is committed to India and will pursue its Semiconductor manufacturing plan in the country. In its official statement, the company stated that building fabs from scratch in a new geography is a challenge, but Foxconn is committed to investing …

Foxconn plans India semiconductor unit without Vedanta, seeks ‘diverse’ stakeholders
1 year, 8 months ago

Foxconn plans India semiconductor unit without Vedanta, seeks ‘diverse’ stakeholders

Hindustan Times  

Foxconn is planning to apply separately to build a semiconductor manufacturing plant in India, the Taiwanese tech giant said on Tuesday, a day after withdrawing from a semiconductor joint venture with India's Vedanta Limited. FILE PHOTO: The logo of Foxconn is seen outside the company's building in Taipei, Taiwan, “Foxconn is working towards submitting an application related to Modified Programme …

Know why Foxconn broke up with Vedanta and set up shop in Tamil Nadu
1 year, 8 months ago

Know why Foxconn broke up with Vedanta and set up shop in Tamil Nadu

Firstpost  

When Foxconn ended its joint venture with Vedanta, a narrative was being pushed, which said that the Taiwanese tech giant had no confidence in India Semicon. Foxconn’s subsequent statement and the fact that they are setting up a new plant in Tamil Nadu, proves otherwise Taiwan’s Foxconn pulling out of its joint venture with India’s Vedanta seemed to be a …

Foxconn to apply for India chipmaking incentives after breaking up with Vedanta
1 year, 8 months ago

Foxconn to apply for India chipmaking incentives after breaking up with Vedanta

India Today  

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 chipmaking joint venture. "Foxconn is committed to India and sees the country successfully establishing a robust semiconductor manufacturing ecosystem," the company said. On Monday, Foxconn withdrew from …

Foxconn pulls out of chip JV with Vedanta
1 year, 8 months ago

Foxconn pulls out of chip JV with Vedanta

Hindustan Times  

Taiwan’s Foxconn Technology Group on Monday pulled out of its joint venture with Vedanta Ltd, which had planned to invest $20 billion in India to build units for semiconductor fabrication, assembly and testing, and display manufacturing. The partnership planned to set up India’s first chip manufacturing unit under a $10 billion government-backed financial incentive scheme and was once estimated to …

As Foxconn dumps $19.5 bn chip plan, Uddhav camp's regret: ‘Maharashtra could have…’
1 year, 8 months ago

As Foxconn dumps $19.5 bn chip plan, Uddhav camp's regret: ‘Maharashtra could have…’

Hindustan Times  

The withdrawal of Taiwanese electronic contract manufacturer Foxconn from its chip joint venture has renewed the controversy surrounding Vedanta's decision to choose Gujarat over Maharashtra, with Shiv Sena hitting out at the Eknath Shinde-led government for what is called a “tragedy”. “This is a loss for India, and Maharashtra could have propelled this growth story for India,” said Thackeray, who …

Foxconn pulling plug on chip plant venture won't have impact on India's semiconductor goals: Govt
1 year, 8 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 …

Foxconn dumps $19.5bn Vedanta chip plan in blow to India
1 year, 8 months ago

Foxconn dumps $19.5bn Vedanta chip plan in blow to India

Al Jazeera  

India has made chipmaking a top priority for its economic strategy, and this pullout is a blow to efforts to get investors. Taiwan’s Foxconn has withdrawn from a $19.5bn semiconductor joint venture with Indian metals-to-oil conglomerate Vedanta, it said, a setback to Prime Minister Narendra Modi’s chipmaking plans for India. Modi has made chipmaking a top priority for India’s economic …

Foxconn dumps $19.5 billion Vedanta chip plan in blow to India
1 year, 8 months ago

Foxconn dumps $19.5 billion Vedanta chip plan in blow to India

India Today  

Taiwan's Foxconn said on Monday it has withdrawn from a $19.5 billion semiconductor joint venture with Indian metals-to-oil conglomerate Vedanta, 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 and display production plants in Gujarat. "Foxconn has determined it …

'India just getting started': Minister as Foxconn dumps $19.5 billion chip plan
1 year, 8 months ago

'India just getting started': Minister as Foxconn dumps $19.5 billion chip plan

India Today  

Taiwan’s Foxconn’s decision to withdraw from a $19.5 billion semiconductor joint venture with Indian conglomerate Vedanta “has no impact on India's Semiconductor Fab goals”, the government said today, adding that it was “a bad idea to bet against India under PM Modi”. Foxconn, the world's largest contract electronics maker, and Vedanta had signed a deal last year to build semiconductor …

Invited Tesla to set up plant in Maha: CM Shinde
1 year, 10 months ago

Invited Tesla to set up plant in Maha: CM Shinde

Hindustan Times  

Mumbai: While Tesla is looking for another location to set up their factory by the end of this year, chief minister Eknath Shinde on Thursday confirmed that the state government has invited the American automobile giant to build a plant in the state. We have good infrastructure and connectivity and skilled manpower and hence other countries choose to invest in …

‘Hope for more proposals like Vedanta-Foxconn for semiconductor fabs’
2 years, 1 month ago

‘Hope for more proposals like Vedanta-Foxconn for semiconductor fabs’

Live Mint  

I have been following news articles on the status of semiconductor fabs to be set up in India. When a country is starting from scratch, like India is, it isn’t always realistic to suggest that an entity with great experience in semiconductors should lead the foray. The Government will support semiconductor and display fabs with a package of $10 billion, …

Vedanta-Foxconn leads race to get govt nod for chip plant
2 years, 2 months ago

Vedanta-Foxconn leads race to get govt nod for chip plant

Live Mint  

NEW DELHI : Only one of the three semiconductor manufacturing proposals submitted to secure financial support under India’s $10 billion incentive scheme is likely to make the cut, a top official familiar with the development said. The Vedanta-Foxconn joint venture’s $20 billion proposal in Gujarat is expected to be the first to secure government approval, while the other two, submitted …

‘World wants India…': Vedanta boss on PM Modi, Foxconn and Young India at HTLS
2 years, 4 months ago

‘World wants India…': Vedanta boss on PM Modi, Foxconn and Young India at HTLS

Hindustan Times  

Prime Minister Narendra Modi has gained more popularity among the people of the country due to the trust he built during the Covid-19 pandemic, Vedanta chairman Anil Agarwal said at the Hindustan Times Leadership Summit on Saturday. “The world wants that India remains a market and not a manufacturer,” Agarwal told Sruthijith KK, editor-in-chief, Mint, during the conversation. Vedanta chairman …

Centre likely to clear semiconductor unit proposals in next 30-60 days: MoS IT Rajeev Chandrasekhar
2 years, 5 months ago

Centre likely to clear semiconductor unit proposals in next 30-60 days: MoS IT Rajeev Chandrasekhar

Firstpost  

The government has received proposals from five companies for setting up electronic chip and display manufacturing plants with an investment of Rs 1.53 lakh crore Bengaluru: The government is likely to start approving proposals to set up electronic chip and display manufacturing plants in the country in the next 30-60 days, Minister of State for Electronics and IT Rajeev Chandrasekhar …

Vedanta-Foxconn semiconductor plant site in Gujarat likely to be finalised in 2 weeks
2 years, 6 months ago

Vedanta-Foxconn semiconductor plant site in Gujarat likely to be finalised in 2 weeks

The Hindu  

Vedanta and Foxconn have hired experts who are evaluating possible locations for their upcoming semiconductor plant in Gujarat and a site may be finalised in the next couple of weeks, Gujarat Science and Technology Department Secretary Vijay Nehra said. So far, the joint venture company has not finalised the location as they are evaluating various sites in Gujarat based on …

Vedanta-Foxconn plant: Was money demanded from firm, asks MNS' Raj Thackeray
2 years, 6 months ago

Vedanta-Foxconn plant: Was money demanded from firm, asks MNS' Raj Thackeray

India TV News  

Vedanta-Foxconn plant : Maharashtra Navnirman Sena chief Raj Thackeray on Monday sought an inquiry into the state losing the multi-billion dollar Vedanta-Foxconn semiconductor chip manufacturing project to neighboring Gujarat and asked if any money was demanded from the joint venture firm. Attacking former chief minister Uddhav Thackeray, the MNS leader said the former's party fought the 2019 polls in alliance …

Vedanta Resources chairman reveals why Gujarat was picked over Maharashtra for semiconductor facility
2 years, 6 months ago

Vedanta Resources chairman reveals why Gujarat was picked over Maharashtra for semiconductor facility

Firstpost  

Vedanta Resources Ltd Chairman Anil Agarwal said that Gujarat was finalised for the chip plant on the basis of professional and independent advice Mumbai: Vedanta Resources Ltd Chairman Anil Agarwal has revealed why it was decided to set up Vedanta-Foxconn semiconductor facility in Gujarat instead of Maharashtra. We have to start in one place and based on professional and independent …

Vedanta Says Semiconductor Plant Deal With Gujarat Based on 'Independent Advice'; Maha Dy CM Fadnavis Responds
2 years, 6 months ago

Vedanta Says Semiconductor Plant Deal With Gujarat Based on 'Independent Advice'; Maha Dy CM Fadnavis Responds

News 18  

Amid the blame game in Maharashtra over the state government losing a key Vedanta-Foxconn semiconductor plant deal to Gujarat, chairman of Vedanta Resources Ltd Anil Agarwal on Wednesday said that the company is still committed to investing in Maharashtra. Vedanta chairman Anil Agarwal also cleared the air over company’s decision to sign the deal with Gujarat and said it “chose …

Vedanta-Foxconn decision to set up semiconductor plant in Gujarat triggers political blame game in Maharashtra
2 years, 6 months ago

Vedanta-Foxconn decision to set up semiconductor plant in Gujarat triggers political blame game in Maharashtra

The Hindu  

Maharashtra is witnessing a political firestorm following the decision of multinational mining company Vedanta Limited to set up a $20 billion Vedanta-Foxconn semiconductor manufacturing facility in neighbouring Gujarat, despite finalising its location at Talegaon near Pune. Leader of Opposition and Nationalist Congress Party leader Ajit Pawar wrote to Chief Minister Eknath Shinde requesting him to bring back the project to …

Aatmanirbhar Silicon Valley dreams to turn to reality: Why India’s first chip factory in Gujarat is reason to celebrate
2 years, 6 months ago

Aatmanirbhar Silicon Valley dreams to turn to reality: Why India’s first chip factory in Gujarat is reason to celebrate

Firstpost  

Vedanta and Taiwan’s Foxconn will invest Rs 1.54 lakh crore to set up the 1,000-acre semiconductor plant in Ahmedabad. The factory, which is expected to start production in two years, will not only employ more than one lakh people but also accelerate India’s manufacturing ambitions Multinational mining company Vedanta Limited and Taiwanese electronics manufacturing giant Foxconn on Tuesday announced that …

Vedanta, Foxconn to invest $19.5 bn in Gujarat for chip project
2 years, 6 months ago

Vedanta, Foxconn to invest $19.5 bn in Gujarat for chip project

The Hindu  

Vedanta Ltd. and Taiwan's Foxconn will invest $19.5 billion under a pact signed on Tuesday to set up a semiconductor project in Gujarat, Indian Prime Minister Narendra Modi's home state. Gujarat Chief Minister Bhupendrabhai Patel said the venture would create more than 100,000 jobs, and the state was prepared to extend any support to the project, which it won in …

Vedanta-Foxconn to set up massive semiconductor plant in Gujarat, Anil Agarwal announces 1.54 lakh crore investment
2 years, 6 months ago

Vedanta-Foxconn to set up massive semiconductor plant in Gujarat, Anil Agarwal announces 1.54 lakh crore investment

Op India  

The Vedanta Group and Foxconn, a Taiwanese electronic manufacturing powerhouse, have announced plans to establish a massive semiconductor manufacturing facility in Gujarat. Vedanta’s landmark investment of 1.54 lakh crores will help make India’s #Atmanirbhar Silicon Valley a reality,” Agarwal tweeted. He further added, “This project will help fulfil Hon’ble PM @narendramodi Ji’s vision of creating a robust manufacturing base in …

India's first chip factory: Vedanta-Foxconn to invest Rs 1.54 lakh crore | 10 Points
2 years, 6 months ago

India's first chip factory: Vedanta-Foxconn to invest Rs 1.54 lakh crore | 10 Points

India TV News  

India's first chip factory: Vedanta-Foxconn to invest Rs 1.54 lakh crore | 10 Points India's first chip factory: The 60:40 joint venture of Vedanta-Foxconn will set up a semiconductor fab unit, a display fab unit, and a semiconductor assembling and testing unit on a 1000-acre land in the Ahmedabad district. Highlights Vedanta-Foxconn will set up India's first chip factory 60:40 …

Vedanta picks Gujarat for $20 billion India semiconductor foray
2 years, 6 months ago

Vedanta picks Gujarat for $20 billion India semiconductor foray

Live Mint  

Vedanta Ltd has selected Indian Prime Minister Narendra Modi's home state of Gujarat for its semiconductor project, two sources told Reuters, the first major step in its $20 billion joint venture with Taiwan's Foxconn. Vedanta obtained financial and non-financial subsidies including on capital expenditure and cheap electricity from Gujarat to build the semiconductor plants, the first source with knowledge of …

Vedanta to invest up to USD 20 bn in semiconductor biz in India, rollout by 2025
3 years, 1 month ago

Vedanta to invest up to USD 20 bn in semiconductor biz in India, rollout by 2025

The Hindu  

Indian conglomerate Vedanta has earmarked $15 billion for its foray into the electronic chip and display manufacturing space, and plans to scale up the investment to as much as $20 billion, a senior company official said. It expects to roll out display units, for use in mobile phones and electronics devices, by 2024 and electronic chips from Indian manufacturing plants …

Foxconn and Vedanta to jointly manufacture semiconductor chips in India
3 years, 1 month ago

Foxconn and Vedanta to jointly manufacture semiconductor chips in India

Op India  

Foxconn, the Taiwanese manufacturing company, has partnered with Anil Agarwal’s Vedanta group, an Indian oil, gas, and metals conglomerate, to make semiconductor chips in India. This action follows the unveiling of the Rs 76,000 crore PLI scheme by the central government for semiconductor manufacturing in the country, which aims to make India one of the world’s major semiconductor manufacturing hubs. …

The curious case of Vedanta’s Foxconn tie-up to make chips
3 years, 1 month ago

The curious case of Vedanta’s Foxconn tie-up to make chips

Live Mint  

This week’s announcement that India’s Vedanta Group has tied up with Taiwan’s Foxconn Technology Group to make chips is being lauded as proof that New Delhi is gaining traction with its plans to build a semiconductor industry. India’s government is offering almost $7 billion of enticements to boost its electronics manufacturing sector, which includes a Production Linked Incentive scheme, and …

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