NewsFoxconn and Vedanta have agreed to form a joint...

    Foxconn and Vedanta have agreed to form a joint venture in Gujarat to build semiconductor and display factories


    Foxconn and Vedanta Resources have just inked an MoU with the Indian state of Gujarat to build semiconductor and display manufacturing facilities. To date, this agreement is the largest investment initiative in any Indian state, with a value of INR 1.54 lakh crore ($19.5 billion).

    Vedanta-Foxconn group MoU signing ceremony event
    Vedanta-Foxconn group MoU signing ceremony event

    It is anticipated that over 100,000 new jobs will be created within two years in the area surrounding Ahmedabad. It is hoped that this will provide India with “seamless access” to display and chipset components. Foxconn will be the technical partner, while Vedanta Resources, India's largest mining corporation, will pay for the construction of the facilities where the displays and chipsets will be produced.

    See also  Rather than calling for iMessage support on Android, Google's Senior Vice President says that he wants to see RCS operate on the iPhone
    Montel Anthony
    Montel Anthony
    Montel Anthony is a passionate/enthusiastic Blogger who loves creating helpful guide contents for its users. I'm also a web developer, Graphics designer and Writer.


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