In February 2022, Vedanta and Foxconn announced a partnership to build semiconductor fab units in India. Six months later, the joint venture signed two memorandums of understanding with the Gujarat government to establish a semiconductor fabrication unit, a display fabrication unit, and a semiconductor assembly and testing unit in Ahmedabad. Continue reading “Vedanta, Foxconn to partner with STM for semiconductor fabs?”
Tag: Foxconn India investments
Foxconn to invest US$ 500 million in India
Foxconn, a contract manufacturer, has announced a US$500 million (roughly Rs. 4,116 crore) investment in expanding. According to Foxconn’s Taiwan stock exchange filing, the company’s Singapore subsidiary is investing in Hon Hai Technology (Foxconn) India Mega Development Private Ltd. Continue reading “Foxconn to invest US$ 500 million in India”