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.
from its semiconductor JV with Indian metals-to-oil conglomerate Vedanta on Monday, in a setback to Prime Minister Narendra Modi's chipmaking plans for India.
"Foxconn is working toward submitting an application," the company said in a statement. "Foxconn is committed to India and sees the country successfully establishing a robust semiconductor manufacturing ecosystem," The Vedanta-Foxconn joint venture was among three applicants last year under the government's incentives plan.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Peter Brant and Stephanie Seymour list Upper East Side home for $23MThe billionaire art collector and his supermodel wife purchased adjoining townhomes for $19 million in 2022.
Les mer »
Timeline: Foxconn withdraws from $19.5 bln Vedanta chip plan in IndiaTaiwan's Foxconn said on Monday it had withdrawn from a joint venture with conglomerate Vedanta , in a blow to Indian Prime Minister Narendra Modi's chipmaking plans.
Les mer »
India's Vedanta slips after Foxconn pulls out of semiconductor JVIndia's Vedanta fell over 2% on Tuesday, a day after Taiwan's Foxconn said it withdrew from a $19.5 billion semiconductor joint venture with the metals-to-oil conglomerate.
Les mer »
Lithuania bolsters ties with Taiwan ahead of NATO summit amid China ‘threat’Lithuania reinforced its commitment to Taiwan in its latest strategy as NATO prepares to address bolstering ties with partner nations to counter China's growing threat.
Les mer »