The Taiwanese electronics giant Foxconn plans to independently produce chips in India.
New Delhi:
Taiwanese electronics maker Foxconn is working on a separate application to set up a semiconductor manufacturing facility in India, the company said today.
It said it is reviewing the landscape for optimal partners for the project.
“Foxconn is working to submit an application related to Modified Program for Semiconductors and Display Fab Ecosystem. We are actively reviewing the landscape for optimal partners,” Foxconn said in a statement.
The development follows Foxconn’s announcement of exit from a semiconductor joint venture with Vedanta.
On Monday, Foxconn said it pulled out of the $19.5 billion joint venture with mining baron Anil Agarwal’s Vedanta Ltd as the company struggled to get a technology partner to make chips used in refrigerator mobile phones. and cars.
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