Gujarat Engages in Discussions with Foxconn for Semiconductor Plant Following the Cancellation of Vedanta JV

Gujarat Engages in Discussions with Foxconn for Semiconductor Plant Following the Cancellation of Vedanta JV

Gujarat, a state in India, is currently engaged in discussions with Foxconn regarding the establishment of a semiconductor plant. This update comes shortly after the Taiwanese corporation terminated its joint-venture arrangement with Vedanta in India. Vijay Nehra, the secretary of the science and technology department in Gujarat, expressed optimism about attracting prominent chipmakers to the …

Read more

Vedanta Provides Reassurance of Investor Interest Following Foxconn’s Exit from $19 Billion Deal

Vedanta Provides Reassurance of Investor Interest Following Foxconn’s Exit from  Billion Deal

Taiwan’s Foxconn has decided to withdraw from a joint venture with mining magnate Anil Agarwal’s Vedanta due to difficulties in finding a technology partner for chip production. Foxconn, the largest contract electronics manufacturer in the world, released a statement stating their decision not to proceed with the joint venture. Vedanta, a conglomerate engaged in metal …

Read more