TAIPEI -- Major iPhone assembler Foxconn on Monday said it plans to build a chip plant with Indian natural resources conglomerate Vedanta, making the Taiwanese company the first major foreign tech manufacturer to respond to the South Asian country's call to bring chip production onshore.
Semiconductors
Foxconn to build chip plant in India with local metals company
The joint venture supports Modi's plan for a domestic semiconductor ecosystem
Taiwan's Foxconn and Vedanta of India have agreed to jointly build a chip company in the latter's home market to help meet local demand. (Source photos by Getty Images and courtesy of Vedanta)
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