[ad_1] NEW DELHI: Vedanta’s ambitious semiconductor bid with Taiwanese contract major Foxconn failed to take off as the foreign partner opted out of the venture over their failure to rope in a technology provider for the sophisticated chip and glass manufacturing business.While the Vedanta group maintained that it remains “fully committed” to the project and … Read more
[ad_1] NEW DELHI: In a temporary setback to India’s chip manufacturing plans, Foxconn on Monday decided to pull out of a semiconductor joint venture with Indian conglomerate Vedanta.In a statement, Foxconn said it is “working to remove the Foxconn name from what now is a fully-owned entity of Vedanta”.“Foxconn has no connection to the entity … Read more
[ad_1] Last Updated: June 22, 2023, 08:30 IST Stocks to Watch on June 22: The Nifty futures contract traded on the Singapore Exchange indicates a positive/negative start to domestic equities. The contract was trading at 18,884.50, down 24.5 points or 0.13% from the previous close. TCS: The IT services major signed contract worth $1.1 billion with … Read more
[ad_1] Last Updated: June 01, 2023, 06:08 IST Visitors stand next to a Make In India logo during a three-day semiconductor event in Bengaluru, India, April 30, 2022. (Image: Reuters) A second mega $19.5 billion plan to build chips locally by a joint venture between India’s Vedanta and Taiwan’s Foxconn is also proceeding slowly A … Read more
[ad_1] NEW DELHI: India is set to revive its effort to lure prospective chipmakers into the country as projects already disclosed, including billionaire Anil Agarwal’s $19 billion plan, are taking time to get off the ground.New Delhi plans to reopen the application process for $10 billion in incentives and assistance intended to encourage local chipmaking, … Read more
[ad_1] NEW DELHI: Billionaire Anil Agarwal‘s plan to build a $19 billion chipmaking plant in India is floundering as his venture struggles to secure a technology partner and faces challenges in obtaining financial incentives from the government.Seven months after Agarwal announced a chip partnership between his Vedanta Resources Ltd and Taiwan’s Hon Hai Precision Industry … Read more