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Foxconn in talks to set up 4-5 semiconductor fab units in India: Report

Taiwanese major Foxconn has told the government that it wants to establish at least four to five semiconductor fabrication lines in India, a media report said citing people aware of the development.

The move comes after the firm announced its decision to withdraw from a $19.5 billion semiconductor joint venture with Indian metals-to-oil conglomerate Vedanta. The world's largest contract electronics maker signed a pact with Vedanta last year to set up semiconductor and display production plants in Prime Minister Narendra Modi's home state of Gujarat.

Read more at Business Today

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