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Foxconn in IndiaThe semiconductor project was not approved
2023-06-24
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June 24 news According to CNBC report,Foxconn in IndiaThe semiconductor project was not approved, and the Indian government asked Foxconn and partner Vedanta to re -submit the application documents.Earlier, Foxconn's semiconductor project in India has been stagnant, and Vijay Nehra, secretary of the technology department of Gujilat Bond, said that he needs more patience.In addition, another major semiconductor flagship project in India and the Israeli Takaita Semiconductor Investment invested 3 billion US dollars in the wafer factory, which was unable to start construction due to Intel's acquisition of high pagoda companies.
It is reported that India's Minister of Information Technology and Telecom, Ahwini Vaishnaw, stated that it has requested Foxconn and its local partner Vedanta to submit application documents again, and the Indian government will evaluate the new proposal.This statement is aimed at the first semiconductor factory in India's history of Foxconn Group and Vedanta.
The analysis believes that this progress is one of the efforts to promote the development of the local semiconductor industry.Earlier, Foxconn's semiconductor project in India has been affected by the approval stage, which makes the project unable to start.Now, the Indian government requires Foxconn and VEDANTA to submit the application documents, which will be evaluated based on the new proposal, which shows that the Indian government is taking measures to promote the progress of the project.In addition, the Indian government is actively promoting the development of other semiconductor flagship projects to promote the development of local industries and improve national competitiveness.
