Vedanta

Foxconn & STMicro To Tie Up For Semiconductor Plant

Foxconn & STMicro To Tie Up For Semiconductor Plant

Foxconn Technology Group, a Taiwanese multinational electronics contract manufacturer, has recently planned to tie up with STMicroelectronics NV, which is a Franco-Italian semiconductor manufacturer. Basically, this partnership is planned to develop a semiconductor plant in India. The two companies are keen to expand their business presence in the South Asian country and hope to receive…

Vedanta & Foxconn To Build India’s First Chip Plant

Vedanta & Foxconn To Build India’s First Chip Plant

India’s diversified mining company Vedanta Ltd. and Taiwan’s Foxconn signed a deal to set up a $20 billion semiconductor project in Gujarat. The project is intended to produce chips and displays near Ahmedabad. Bhupendrabhai Patel, the Chief Minister of Gujarat, said that the establishment of this manufacturing unit would create more than 100,000 jobs, and…

Vedanta, With Foxconn, iPhone Maker, To Produce Chips In India

Vedanta, With Foxconn, iPhone Maker, To Produce Chips In India

Foxconn, an iPhone assembler company, stated on Monday that it has partnered with Indian conglomerate Vedanta Ltd to produce chips or semiconductors in the South Asian country. With this, the electronic giant is looking to diversify its business amid the global chip shortage.   Vedanta is one of the world’s leading diversified natural resources companies, mainly…

Vedanta Considers A Demerger To Streamline Its Corporate Structure

Vedanta Considers A Demerger To Streamline Its Corporate Structure

November 18, 2021: More than a year after its unsuccessful bid to go private, Vedanta Ltd. seeks to revise its corporate structure. According to the statement released by the company, the Anil Agarwal-led mining giant has hired experts to help it evaluate options and alternatives, such as demerger, spinoff, and strategic alliances, to increase the…