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.
The current Iran war has laid bare a fundamental reality: 20 per cent of global energy trade cannot afford to rely on a single artery, no matter how resilient and cost-effective.
Regulator seeks feedback on allowing firms to repurchase shares via exchanges after tax changes, as markets reel from war-led selloff and foreign outflows.
It’s easy to understand why the government can’t speak the hard truth. When this war ends, as all wars do, India’s interests will lie with both the winner and the loser.
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.