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Foxconn and Vedanta to form semiconductor joint venture in India · Endata

◂ Announcements

Feb 20, 2022PARTNERSHIPIndia

Foxconn and Vedanta to form semiconductor joint venture in India

Foxconn signed a memorandum of understanding with Vedanta Ltd to form a joint venture to manufacture semiconductors in India. Foxconn will invest $118.7 million for a 40% stake, with Vedanta as the majority shareholder.

Value

$118.7M

Status

Announced

Productssemiconductors

CompaniesVedanta partner Foxconn partner

Sectors#Semiconductors and Industrial Electronics

“This first-of-its-kind joint venture between the two companies will support Indian Prime Minister Narendra Modi's vision to create an ecosystem for semiconductor manufacturing in India.”zeenews.india.com

1 source
zeenews.india.comiPhone maker Foxconn to make semiconductors in India with Vedanta | Companies News | Zee NewsEdited By Aman RawatFeb 20, 2022

Summarized from public sources; check the original articles before acting on it.

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Apr 13, 2022PARTNERSHIPIndia$118.7M
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Apr 12, 2022NEW FACILITYIndia
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Feb 18, 2022INVESTMENTIndia$8.00B
Vedanta Group to invest $7-8B in first semiconductor facility with Foxconn
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Feb 15, 2022PARTNERSHIPIndia, India
Foxconn and Vedanta sign MOU for semiconductor joint venture in India
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