# 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.

- Type: Partnership
- Announced: 2022-02-20
- Where: India
- Value: $118.7M
- Status: announced
- Products: semiconductors
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Vedanta](https://endata.com/companies/10003.md) (partner)
- [Foxconn](https://endata.com/companies/15170.md) (partner)

## Sources

- [zeenews.india.com](https://zeenews.india.com/companies/iphone-maker-foxconn-to-make-semiconductors-in-india-with-vedanta-2438017.html), 2022-02-20: "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."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.