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Bharat Express News Network


The world's largest producer of Apple's iconic device, Foxconn's huge iPhone assembly plant in the Chinese city of Zhengzhou, currently employs some 200,000 people, though that figure increases during peak production season.

The talent pool and political stability of Tamil Nadu are important strengths. We like our plug-and-play design.

Addressing the gathering, PM Modi invited global semiconductor majors to come and invest in India, adding that whosoever comes forward will have a “first mover’s advantage.”

Foxconn and TSMC are both based in Taiwan. Foxconn, which ended its joint venture to make chips with India’s Vedanta Group earlier this week, has been talking to the two companies for some time now.

Under the programme, Vedanta Semiconductors Ltd., a Joint Venture between Vedanta and Foxconn, had submitted applications for Semiconductor Fabs, and had decided on Dholera Industrial City, Gujarat, as the final location for their proposal.

India's infrastructure, favorable government policies, and large talented workforce have attracted giant global corporations.

This project is likely to get huge subsidies and incentives, like zero stamp duty on land purchase and subsidized water and electricity, under the 'Gujarat Semiconductor Policy 2022-27'