What Exactly Happened with Vedanta - Foxconn Semicondutor Deal https://www.youtube.com/watch?v=le95IZXxLLg
Jul 13, 2023
Reasons why the deal developed problems. https://youtu.be/le95IZXxLLg?t=152 story behind the Vedanta-Foxconn Semiconductor deal. According to Bloomberg report, authorities are likely to inform the joint venture that it won’t receive incentives for building 28-nanometre chips. The venture has not been able to meet government requirements to receive funding as the project still lacks a technology partner and a manufacturing grade technology licence for construction of 28 nanometre chips. (https://www.outlookindia.com/business/government-to-reject-vedanta-foxconn-joint-venture-request-for-funding-report-news-290899)
Vedanta-Foxconn’s fab joint-venture talks with STMicro hit a bump STMicroelectronics wants to limit the scope of the technology transfer ... STMicroelectronics also has some reservations regarding its investment in the (Vedanta-Foxconn) combine. They want Vedanta to take the lead and invest more,” ( https://telecom.economictimes.indiatimes.com/news/devices/vedanta-foxconns-fab-joint-venture-talks-with-stmicro-hit-a-bump/99449084 )
As the opposition continues to target the Eknath Shinde government of letting the Vedanta-Foxconn deal slip from Maharashtra to Gujarat, https://www.hindustantimes.com/business/how-maharashtra-gujarat-offers-to-vedanta-foxconn-project-differed-anil-agarwal-eknath-shinde-101663234240811.html..
1. Gujarat offered a ₹28,000 crore capital subsidy to Vedanta-Foxconn for the semiconductor plant. On the other hand, the offer by Maharashtra government stood at ₹40,000 crore.
2. Gujarat offered 200 acres of land to both the companies at Dholera in Ahmedabad at 75 per cent of the going rate. Maharashtra offered 1,100 acres of land at Talegaon Phase IV in Pune district. Out of this, 400 acres were offered free of cost while the remaining 700 acres were offered at 75 per cent of the current rate.
'No Impact On India's Semiconductor Goals', Says Govt As Vedanta-Foxconn Deal Ends
https://news.abplive.com/technology/rajeev-chandrasekhar-vedanta-foxconn-plant-india-joint-venture-semiconductor-manufacturing-goals-1615029 Rajeev Chandrasekhar on Monday said Foxconn's decision to withdraw from its Joint Venture (JV) with Vedanta has no impact on the country's semiconductor fabrication goals. 10 Jul 2023
As Foxconn-Vedanta deal snaps, a look at semiconductors & 'design giant' India’s 40-yr chip struggle Jul 11, 2023 https://www.youtube.com/watch?v=YBFx1nCjMIo Taiwanese tech giant Foxconn has withdrawn from its $19.5 billion semiconductor joint venture with India’s Vedanta. While the Modi govt has said this won’t hurt India’s goals with respect to the cutting-edge chips, Foxconn has also reiterated its commitment to working with the country in the field
India’s Semiconductor Savior? Asianometry May 16, 2022 https://www.youtube.com/watch?v=x6Z_uFwxPtk Recently, Indian mining giant Vedanta Resources announced that they signed a Memorandum of Understanding with Taiwanese electronics assembler Foxconn to manufacture semiconductors in India. 10 billion dollar incentive plan by Indian Govt. to promote semi-conductor manufacruing in india.. through upto 50% fiscal support..