vedanta - Samachar Central

Gujarat Engages in Negotiations with Foxconn for Semiconductor Plant Following Vedanta JV Dissolution

2023-07-13 04:20 AM

Gujarat state in India is currently engaged in discussions with Foxconn regarding a potential semiconductor plant, according to a government official. This follows the recent dissolution of a joint-venture plan between Foxconn and India’s Vedanta. The science and technology department in Gujarat, represented by Vijay Nehra, secretary of the department, stated that they are in …

Details of Foxconn’s Departure from $19.5 Billion Chip Joint Venture with Vedanta Surface

2023-07-10 07:30 PM

Foxconn, the world’s largest contract electronics maker, has announced that it is withdrawing from a $19.5 billion semiconductor joint venture with Vedanta, an Indian metals-to-oil conglomerate. This decision comes as a setback to Prime Minister Narendra Modi’s chipmaking plans for India. Last year, Foxconn and Vedanta signed an agreement to establish semiconductor and display production …