PREVIOUS
✖
Vedanta to manufacture semiconductors in India
February 18 , 2022
884 days
577
0
- The Indian mining major Vedanta has tied up with Taiwanese electronics manufacturing company, Hon Hai Technology Group (better known as Foxconn) to form a joint venture (JV) for manufacturing semiconductors in India.
- This is the first JV in the electronics manufacturing sector after the government announced a Rs 76,000 crore production-linked incentive scheme for semiconductor and display manufacturing.
- Vedanta will be the majority shareholder in the JV while Foxconn will hold minority share.
Leave a Reply
Your Comment is awaiting moderation.