Foxconn to pursue India plan without Vedanta, plans to apply for chip making unit separately
In a bid to expand its operation in India, Electronics giant Foxconn is planning to apply separately for setting up a semiconductor manufacturing unit in the country, the company said on Tuesday. Taiwanese electronics manufacturing giant Foxconn is working to apply separately for setting up a semiconductor manufacturing unit in India, the company said on Tuesday.
It said it is reviewing the landscape for optimal partners for the project. "Foxconn is working toward submitting an application related to Modified Programme for Semiconductors and Display Fab Ecosystem.
We have been 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.
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