News / Foxconn eyes new tech partners for semi-conductor plant in India

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Taiwanese electronics manufacturing giant Foxconn is actively considering its options to set up a semiconductor production site in India after a failed joint-venture attempt.

Foxconn this week called off a $19.5bn semiconductor JV deal with Indian conglomerate Vedanta Group, dealing a heavy blow to New Delhi’s manufacturing push.

In a bid to publicly downplay any negative effects on its investment commitments, Foxconn said it was “stitching together a new plan” to apply for incentives under India’s modified semiconductor and display fabrication programme.

The ...