Foxconn may be planning to install 4-5 fab lines in India

12 Jul 2023 , 10:57 AM

According to news reports, global technology giant Foxconn has informed the government that it intends to establish at least four to five semiconductor fabrication lines in India.

In a separate statement to ET on Tuesday, Foxconn stated that it was ‘working towards submitting an application’ under the India Semiconductor Mission.

This comes a day after it terminated its chip-making joint venture with the Vedanta Group, Vedanta-Foxconn Semiconductors Ltd (VFSL).

According to a senior government official who talked to ET, the Taiwanese corporation has told the Ministry of Electronics and information technology about the specifics of at least two memorandums of understanding (MoU) it has signed with technical partners.

The official added, adding that the tech partner is expected to have some equity in the new relationship, ‘We have asked them to sign definitive agreements and come back to us with the details on the proposed technology, the nature of agreements, the people involved in these, among others.’

‘Foxconn should be able to submit their final application and make the announcement within the next 45-60 days since they are aware of the procedures,’ said the official.

Reports stated that Foxconn may look into other areas even though at least one of these production lines will probably be located in Gujarat.

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