The speculation comes after a decline of nearly 60% in the company's shares this year that has made it the worst performer and with the lowest stock price on the Dow index.
Explaining its breakup with Vedanta, Foxconn said Tuesday ‘there was recognition from both sides that the project was not moving fast enough’ and there were other ‘challenging gaps.’
Second mega $19.5 bn plan to build chips locally by joint venture of Vedanta-Foxconn also moves at slow pace as their talks to rope in STMicroelectronics as partner are deadlocked
A leading chipmaker, South Korea asked the US to review the rule that prevents recipients of US funding from building new facilities in such countries, beyond 5% of existing capacity.
Fumio Kishida said he welcomed and expected more investment from global chipmakers in Japan, which is striving to revive its chip sector, after meeting top executives on Thursday.
Part of the US strategy in setting the rules was to avoid such a shock that the Chinese would ditch American chips altogether and redouble their own chip-development efforts.
Foxconn, Samsung, Oppo, Wistron, Pegatron - it was mostly foreign brands that occupied consumer electronics manufacturing scene. But Super Plastronics has been an Indian flag bearer.
IAF is firming up plans to revamp airlift capabilities with medium transport aircraft that will be assembled in India & serve as its main workhorse. Embraer is leading contender as of now.
This is the game every nation is now learning to play. Some are finding new allies or seeing value among nations where they’d seen marginal interest. The starkest example is India & Europe.
Socialist congress mistook potato crisps for IC chips! Poor socialist congress was busy giving freebies instead of protecting the semiconductor plant at Mohali.
Where would India be without Nehru Gandhi and congress? India would have been a developed country now with a thriving free market.
The author has given an interesing survey of how India began its semiconductor journey. No doubt SCL was the pioneer in chip making in India. It could be that we have started late in this area because the economy was not big enough to sustain such large investments in the 90s . Now that we are a 4 trillion economy , it is to the credit of the current govt that they have kick started this area . The author could have given credit to thee NDA for not missing this bus.
Socialist congress mistook potato crisps for IC chips! Poor socialist congress was busy giving freebies instead of protecting the semiconductor plant at Mohali.
Where would India be without Nehru Gandhi and congress? India would have been a developed country now with a thriving free market.
The author has given an interesing survey of how India began its semiconductor journey. No doubt SCL was the pioneer in chip making in India. It could be that we have started late in this area because the economy was not big enough to sustain such large investments in the 90s . Now that we are a 4 trillion economy , it is to the credit of the current govt that they have kick started this area . The author could have given credit to thee NDA for not missing this bus.