CNA file photo Taipei, Sept. 13 (CNA) Taiwan's Hon Hai Precision Industry Co. said it is "looking forward" to working with partners in India, following reports that it had reached an agreement with Mumbai-based multinational Vedanta Limited to produce semiconductors in Gujarat.According to a Reuters report Tuesday, Vedanta and Hon Hai have signed a pact to invest US$19.5 billion to set up a semiconductor project in Gujarat, the home state of Indian Prime Minister Narendra Modi.In a statement later that day, Hon Hai, known internationally as Foxconn, said it applauded the efforts by Gujarat's government "to attract semiconductor development and upgrade government efficiency.

https://focustaiwan.tw/business/202209130016

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Mining conglomerate Vedanta and Taiwanese electronics manufacturing giant Foxconn will make one of the largest ever investments of Rs 1.54 lakh crore in setting up India's first semiconductor plant in Gujarat. The 60:40 joint venture of Vedanta-Foxconn will set up a semiconductor fab unit, a display fab unit, and a semiconductor assembling and testing unit on a 1000-acre land in the Ahmedabad district. "The plant will start production in two years," Vedanta chairman Anil Agarwal said after signing the memorandum of understanding (MoU) with the Gujarat government.

https://www.gadgetsnow.com/tech-news/vedanta-foxconn-sign-agreement-for-rs-1-54-lakh-crore-gujarat-chip-factory-deal/articleshow/94181212.cms

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Vedanta Limited is a vastly diversified Indian multinational company that has a prominent presence in the power generation, mining, oil and gas sectors. It has ...

https://www.freepressjournal.in/mumbai/vedanta-foxconns-rs-154-lakh-crore-investment-in-gujarat-causes-uproar-in-maharashtra-know-all-about-the-issue-here

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FILE - The Foxconn logo is seen during the Hon Hai Tech Day at the Nangang Exhibition Center in Taipei, Taiwan, on Oct. 18, 2022. Taiwan-based electronics giant Foxconn is backing out of a $19.5 billion semiconductor joint venture with Indian mining conglomerate Vedanta Ltd. India's government leaders say they aren't too worried about the impact. (AP Photo/Chiang Ying-ying, File) OCT. 18, 2022 FILE PHOTO

https://n.news.naver.com/mnews/article/077/0005985335?sid=104

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NEW DELHI - Vedanta Ltd has selected Indian Prime Minister Narendra Modi's home state of Gujarat for its semiconductor project, two sources told Reuters, the first major step in its $20 billion joint venture with Taiwan's Foxconn. Vedanta obtained financial and non-financial subsidies including on capital expenditure and cheap electricity from Gujarat to build the semiconductor plants, the first source with knowledge of the matter said. The project will include display and semiconductor facilities near the largest city of Ahmedabad in the western state, the source added, declining to be named ahead of an official announcement.

http://klse.i3investor.com/web/blog/detail/future_tech/2022-09-12-story-h1649047809-Vedanta_picks_Modi_s_home_state_for_20_billion_India_semiconductor_fora

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CS Tan 4.9 / 5.0 This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....

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