Foxconn, the Taiwanese electronics manufacturing services company, has applied to establish a semiconductor fabrication unit (fab) in India. This information was shared by Rajeev Chandrasekhar, the Minister of State for Electronics and IT, in a written reply to Lok Sabha (the lower house of India’s Parliament). The application has been made under the “modified scheme for setting up semiconductor fabs in India.”
The development comes after Foxconn exited a joint venture with Vedanta Group to set up a chip plant in India.
The Indian government has been taking measures to boost electronics manufacturing in the country, with a particular focus on semiconductors. These measures include incentivizing large investments in electronic goods and appliances and promoting exports to enhance the electronics manufacturing ecosystem in India.
