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The Times of India
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TIMESOFINDIA.COM

SHOCKING: Foxconn to apply for india chipmaking incentives after pullout from vedanta jv - What They Never Told You

Foxconn Vedanta India Semiconductor Apple Mining New Delhi

NEW DELHI: A day after it withdrew from a $19.5 billion semiconductor joint venture with mining baron Anil Agarwal's Vedanta Ltd, Foxconn said it plans to apply for incentives that India is offering under its semiconductor manufacturing policy.

"Foxconn is committed to India and sees the country successfully establishing a robust semiconductor manufacturing ecosystem. Foxconn is working toward submitting an application," the company said in a statement on Tuesday.

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