Foxconn Plans To Apply Separately For Chip Manufacturing Unit In India

On Monday, Foxconn said it has withdrawn from the USD 19.5 billion joint venture with mining baron Anil Agarwal's Vedanta Ltd as the venture struggled to get a technology partner to make chips that are used in mobile phones to refrigerators and cars.

Taiwanese electronics manufacturing giant Foxconn is working to apply separately for setting up a semiconductor manufacturing unit in India, the company said today.

It said it is reviewing the landscape for optimal partners for the project.

"Foxconn is working toward submitting an application related to Modified Programme for Semiconductors and Display Fab Ecosystem. We have been actively reviewing the landscape for optimal partners," Foxconn said in a statement.