Friday, 24 March, 2023

Foxconn teams up with Vedanta to manufacture semiconductor in India

<p>Foxconn has announced on 14th Feb that they will be partnering with Vedanta Ltd to produce semiconductors in India. The company will be investing about $117M and will be holding 40% shares of this joint venture. A statement by Foxconn said that this partnership will be a significant boost to domestic manufacturing in India. Foxconn wants to diversify its business amid the global chip shortage.</p>