 |  |  |  |  |
Foxconn invests $19.4 billion to make semiconductors in India
| |||||||||
|
Foxconn invests $19.4 billion to make semiconductors in India
| | |||||||
 |
 |
| | Thread Tools |
15th September 2022, 11:39
| #1 |
| [M] Reviewer  Join Date: May 2010 Location: Romania
Posts: 153,575
 |  Foxconn invests $19.4 billion to make semiconductors in India China gets problematic Foxconn will invest $19.4 billion to make semiconductors in India and will work with the mega mining outfit Vedanta to make it so. Oddly Vedanta is one of India's biggest mining companies, and has no experience making chips, but how difficult can it be? It will take a 60 percent share in the joint venture while Foxconn, will take a minority stake. The move is backed by the Indian government which wants to be free of its dependence on China and the US for chips. The manufacturing facility is being built in Prime Minister Narendra Modi's home state of Gujarat which has nothing to do with the location we just mention it. Vedanta group chairman Anil Agarwal tweeted thanked the government for helping "tie things up so quickly". https://fudzilla.com/news/55484-foxc...ctors-in-india |
|  |
|
Similar Threads | ||||
| Thread | Thread Starter | Forum | Replies | Last Post |
| Micron invests about $15 billion in new plant | Stefan Mileschin | WebNews | 0 | 5th September 2022 08:37 |
| ByteDance wants to make semiconductors | Stefan Mileschin | WebNews | 0 | 17th March 2021 09:27 |
| Glofo invests $1.4 billion to raise output | Stefan Mileschin | WebNews | 0 | 4th March 2021 15:19 |
| Tencent invests $70 billion in infrastructure | Stefan Mileschin | WebNews | 0 | 27th May 2020 12:52 |
| Samsung invests $116 billion in non-memory chips | Stefan Mileschin | WebNews | 0 | 25th April 2019 08:55 |
| VW invests $50 billion in electrification | Stefan Mileschin | WebNews | 0 | 20th November 2018 12:23 |
| Alphabet invests $1 billion in Lyft | Stefan Mileschin | WebNews | 0 | 22nd October 2017 15:18 |
| Samsung invests $18.6 billion in South Korea | Stefan Mileschin | WebNews | 0 | 6th July 2017 10:08 |
| Foxconn invests another $1.5 billion robot development | Stefan Mileschin | WebNews | 0 | 26th April 2017 18:44 |
| EU invests 1 billion Euros to make quantum computing practical | Stefan Mileschin | WebNews | 0 | 27th April 2016 07:20 |
| Thread Tools | |
| |
