In recent years, several other firms have announced plans to build semiconductor factories in India. Last month, US memory chip giant Micron said it would invest up to $825m to build a semiconductor assembly and test facility in India. Apple supplier Foxconn has pulled out of a $19.5bn (£15.2bn) deal with Indian mining giant Vedanta to build a chip making plant in the country. The move comes less than a year after the companies announced plans to set up the facility in Prime Minister Narendra Modi’s home state of Gujarat. Last year, it created a $10bn fund to attract more investors to the sector, in a bid to become less reliant on foreign chipmakers. Do you think that Foxconn dropping out is due to India’s market conditions compared China?
Previous Article
Threads FeedsNext Article
European Union-United States data sharing pact