TAIPEI: Taiwanese electronics giant Foxconn withdrew from a US$19.4 billion deal with India's Vedanta to make semiconductors in the South Asian nation owing to 'challenging gaps', it announced on Tuesday (Jul 11). The world's top iPhone assembler signed an agreement in September with Vedanta to set up a ch
- one of India's biggest mining companies - take a 60 per cent share in the joint venture, while Foxconn would have the minority stake.Foxconn will not make a loss because of the withdrawal as it"has not injected capital or fixed assets into the" joint venture, the statement said.
While Vedanta did not confirm the pull-out, it reiterated that it is"fully committed to its semiconductor fab project", adding that there are other partners in line to set up India's first foundry. "Vedanta has redoubled its efforts to fulfil vision for semiconductors and India remains pivotal in repositioning global semiconductor supply chains," its spokesperson said, adding that Vedanta now has a licence for production-grade technology to create 40-nanometre chips.The vast majority of the world's top chips are made in Taiwan - primarily by Taiwan Semiconductor Manufacturing Company - and in South Korea by Samsung.
To join the race for semiconductors, India in late 2021 approved a US$10 billion incentive scheme to kickstart its own domestic industry by agreeing to cover up to half of all project costs.
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
India's Vedanta slips after Foxconn pulls out of semiconductor JVBENGALURU :India's Vedanta fell over 2 per cent on Tuesday, a day after Taiwan's Foxconn said it withdrew from a $19.5 billion semiconductor joint venture with the metals-to-oil conglomerate.The companies partnered last year to set up semiconductor and display production plants in Gujarat state. Concerns abou
続きを読む »
Foxconn drops $19.5 billion Vedanta chip plans in blow to IndiaBENGALURU :Taiwan's Foxconn said on Monday it has withdrawn from a $19.5 billion joint venture with Indian metals-to-oil conglomerate Vedanta, in a setback to Prime Minister Narendra Modi's chipmaking plans for India.Foxconn, which did not say why it had taken the decision, and Vedanta signed a pact last year
続きを読む »
Foxconn eyes India chipmaking incentives after quitting $19.5 billion JVTAIPEI/NEW DELHI :Taiwan's Foxconn said on Tuesday it plans to apply for incentives that India is offering under its semiconductor manufacturing policy, a day after the company parted ways with Vedanta on a $19.5 billion chipmaking joint venture.Foxconn withdrew from its semiconductor JV with Indian metals-to
続きを読む »
Foxconn's push to break into semiconductor sectorTaiwan's Foxconn said on Monday it had withdrawn from a $19.5 billion semiconductor joint venture with Indian metals-to-oil conglomerate Vedanta, in a setback to Prime Minister Narendra Modi's chipmaking plans for India.Foxconn, a major Apple supplier and the world's largest contract electronics maker, ha
続きを読む »
India to hold trade deal talks with UK, European nationsIndian trade minister Piyush Goyal will meet his European counterparts from July 10 to 11. Read more at straitstimes.com.
続きを読む »