India's first chip factory: Vedanta-Foxconn to invest Rs 1.54 lakh crore | 10 Points - Shahpur Turk CSC

India's first chip factory: Vedanta-Foxconn to invest Rs 1.54 lakh crore | 10 Points - Shahpur Turk CSC - Common Service Centre in Sonipat India's first chip factory: Vedanta-Foxconn to invest Rs 1.54 lakh crore | 10 Points

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16 September 2022

India's first chip factory: Vedanta-Foxconn to invest Rs 1.54 lakh crore | 10 Points

India's first chip factory: Mining conglomerate Vedanta and Taiwanese electronics manufacturing giant Foxconn will make one of the largest ever investments of Rs 1.54 lakh crore in setting up India's first semiconductor plant in Gujarat. The 60:40 joint venture of Vedanta-Foxconn will set up a semiconductor fab unit, a display fab unit, and a semiconductor assembling and testing unit on a 1000-acre land in the Ahmedabad district. Semiconductor chips, or microchips, are essential pieces of many digital consumer products - from cars to mobile phones and ATM cards. A massive shortage in the semiconductor supply chain last year affected many industries, including electronics and automotive. Prime Minister Narendra Modi hailed the MoU as one that will boost the economy and create jobs.

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16 September 2022

India's first chip factory: Vedanta-Foxconn to invest Rs 1.54 lakh crore | 10 Points

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