Two of 4 approved projects are in Odisha, one in Punjab, and one in Andhra Pradesh. Now, India Semiconductor Mission has 10 projects across 6 states, with Rs 1.6 lakh crore investment.
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.
A bad turn in Venezuela would raise the same questions that have dogged the unlawful US strikes against alleged drug boats in the Caribbean: Why now, and why at all?
The latest comment comes as New Delhi and Washington have yet to sign a trade agreement. India’s purchase of Russian oil has reduced, but Moscow remains top source for crude.
If deal goes through, Greece will be 2nd foreign country to procure vehicle. Morocco was first; TATA Group has set up manufacturing unit there with minimum 30 percent indigenous content.
Many of you might think I got something so wrong in National Interest pieces written this year. I might disagree! But some deserve a Mea Culpa. I’d deal with the most recent this week.
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.