- Business Today
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.