- Following its exit from a $19.5 billion joint venture with Vedanta, Foxconn aims to set up four to five semiconductor fabrication lines in India.
- Foxconn has reportedly informed the authorities about two MOUs signed with technology partners and seeks to apply for incentives under India’s Semiconductor Production Plan.
- The tech giant is identifying optimal sites for these units, with at least one likely to be in Gujarat, and is expected to make a formal announcement within 45-60 days.
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