Foxconn to Apply for Incentives Under India’s Semiconductor Policy Despite Exiting Vedanta Deal

  • Foxconn plans to apply for incentives under India’s ‘Modified Programme for Semiconductors and Display Fab Ecosystem’ after withdrawing from a $19.5 billion joint venture with Vedanta.
  • Despite the exit being a potential setback to India’s semiconductor manufacturing goals, Foxconn is committed to the ‘Make in India’ initiative.
  • Indian ministers maintain that Foxconn’s withdrawal is not a setback to India’s semiconductor mission and the ‘Make in India’ program.
Join 2 million subscribers

A curated newsletter that summarizes the important news at the intersection of Global tech, India Tech and AI.

Delivered 8 AM. Daily.
nextbigwhat We would like to show you notifications for the latest news and updates.
Allow Notifications