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[ad_1] Vedanta group chairman Anil Agarwal on Friday said that the first phase of its semiconductor project will involve a $5 billion (roughly Rs. 41,300 crore) investment of the overall $20-billion (roughly Rs. 1,64,500 crore) outlay, and the venture will be ready with made-in-India chip in two and a half years. Vedanta is talking to … Read more
[ad_1] A Foxconn subsidiary is in talks with India’s Tamil Nadu state to invest up to $200 million (roughly Rs. 1,638 crore) to build a new plant for electronic components in the southern region, two sources with direct knowledge told Reuters on Wednesday. Brand Cheng, CEO of Foxconn Industrial Internet (FII), and other company representatives last … Read more
[ad_1] Top officials of Foxconn Industrial Internet (FII), the subsidiary of Taiwan-based Hon Hai Technology Group, popularly known as ‘Foxconn‘ called on Chief Minister M K Stalin and discussed “investment opportunities” in Tamil Nadu, sources said on Wednesday. Foxconn Industrial Internet, is a leading global total solution provider for smart manufacturing and industrial internet, according … Read more
[ad_1] Anil Agarwal-led Vedanta Group will acquire 100 percent stake in semiconductor and display units from sister concern Twin Star Technologies, the conglomerate said on Friday. Twin Star Technologies is a wholly-owned subsidiary of Volcan Investments Limited which is the ultimate holding company of Vedanta Limited. The new structure will make Vedanta India’s first company … Read more
[ad_1] Leading Taiwanese technology firms are looking at relocating their manufacturing bases to India to bring down their exposure to the Chinese market, top policymakers in the Taiwan government have said, amid the self-governed island’s increasingly tense relations with China. Deputy Minister for Taiwan’s National Development Kao Shien-Quey said there is huge scope for collaboration … Read more
[ad_1] Foxconn is set to invest about $250 million (nearly Rs. 20,500 crore) in two new projects in Vietnam, including for the production of components for electric vehicles (EVs), the world’s largest contract electronics assembler and local authorities said on Friday. The move confirms Foxconn’s global plans to become a player in the EV industry, … Read more
[ad_1] A South Korean chip executive imprisoned over industrial espionage charges rejected allegations he had sought to build a copycat chip factory in China with sensitive information developed by Samsung Electronics. In a handwritten letter to Reuters, his first comments to the media since he was detained on May 25, Choi Jinseog elaborated on his … Read more
[ad_1] A planned $3 billion (roughly Rs. 24,700 crore) semiconductor facility in India by chip consortium ISMC that counted Israeli chipmaker Tower as a tech partner has been stalled due to the company’s ongoing takeover by Intel, three sources said, dashing India’s chip making plans. A second mega $19.5 billion (roughly Rs. 1,60,800 crore) plan … Read more