{"id":13258,"date":"2022-02-14T23:34:06","date_gmt":"2022-02-14T23:34:06","guid":{"rendered":"https:\/\/mailinvest.blog\/index.php\/2022\/02\/14\/foxconn-forms-jv-to-build-chip-factory-in-india-the-register\/"},"modified":"2022-02-14T23:34:06","modified_gmt":"2022-02-14T23:34:06","slug":"foxconn-forms-jv-to-build-chip-factory-in-india-the-register","status":"publish","type":"post","link":"https:\/\/mailinvest.blog\/index.php\/2022\/02\/14\/foxconn-forms-jv-to-build-chip-factory-in-india-the-register\/","title":{"rendered":"Foxconn forms JV to build chip factory in India \u2022 The Register"},"content":{"rendered":"<p> <a href=\"https:\/\/go.fiverr.com\/visit\/?bta=1052423&nci=17043\" Target=\"_Top\"><img loading=\"lazy\" decoding=\"async\" border=\"0\" src=\"https:\/\/mailinvest.blog\/wp-content\/themes\/breek\/assets\/images\/transparent.gif\" data-lazy=\"true\" data-src=\"https:\/\/fiverr.ck-cdn.com\/tn\/serve\/?cid=40081059\"  width=\"601\" height=\"201\"><\/a>\n<\/p>\n<div id=\"body\">\n<p>Taiwanese tech manufacturer to the stars Hon Hai Technology Group, aka Foxconn, has announced it\u2019s formed a joint venture to build semiconductors in India under the nation\u2019s electronics manufacturing subsidy scheme.<\/p>\n<p>A brief <a target=\"_blank\" href=\"https:\/\/www.foxconn.com\/en-us\/press-center\/press-releases\/latest-news\/740\" rel=\"noopener\">announcement today<\/a> reveals the JV between Foxconn and Vedanta, an India company that operates mines and has diversified into operating power generation assets.<\/p>\n<p>Details of just what the two companies will do are scanty: Foxconn\u2019s announcement states it will be the minority shareholder in the venture, which \u201cwill manufacture semiconductors in India.\u201d<\/p>\n<div aria-hidden=\"true\" class=\"adun\" data-pos=\"top\" data-raptor=\"condor\" data-xsm=\",fluid,mpu,\" data-sm=\",fluid,mpu,\" data-md=\",fluid,mpu,\">\n        <noscript><br \/>\n            <a href=\"https:\/\/pubads.g.doubleclick.net\/gampad\/jump?co=1&amp;iu=\/6978\/reg_onprem\/front&amp;sz=300x50%7C300x100%7C300x250%7C300x251%7C300x252%7C300x600%7C300x601&amp;tile=2&amp;c=2Ygrm7qKB6q03Tju-c38rYgAAAAY&amp;t=ct%3Dns%26unitnum%3D2%26raptor%3Dcondor%26pos%3Dtop%26test%3D0\" target=\"_blank\" rel=\"noopener\"><br \/>\n                <img decoding=\"async\" src=\"https:\/\/mailinvest.blog\/wp-content\/themes\/breek\/assets\/images\/transparent.gif\" data-lazy=\"true\" data-src=\"https:\/\/pubads.g.doubleclick.net\/gampad\/ad?co=1&amp;iu=\/6978\/reg_onprem\/front&amp;sz=300x50%7C300x100%7C300x250%7C300x251%7C300x252%7C300x600%7C300x601&amp;tile=2&amp;c=2Ygrm7qKB6q03Tju-c38rYgAAAAY&amp;t=ct%3Dns%26unitnum%3D2%26raptor%3Dcondor%26pos%3Dtop%26test%3D0\" alt=\"\"\/><\/a><br \/>\n        <\/noscript>\n    <\/div>\n<p>No sum of money has been attached to the venture, nor has any info been offered about what sort of semiconductors will be manufactured, the numbers to be produced, nor an expected date for manufacturing commence. Foxconn and Vedanta are in talks with an undisclosed number of Indian state governments about a location for the plant.<\/p>\n<div aria-hidden=\"true\" class=\"adun\" data-pos=\"top\" data-raptor=\"falcon\" data-xmd=\",fluid,mpu,leaderboard,\" data-lg=\",fluid,mpu,leaderboard,\" data-xlg=\",fluid,billboard,superleaderboard,mpu,leaderboard,\" data-xxlg=\",fluid,billboard,superleaderboard,brandwidth,brandimpact,leaderboard,mpu,\">\n            <noscript><br \/>\n                <a href=\"https:\/\/pubads.g.doubleclick.net\/gampad\/jump?co=1&amp;iu=\/6978\/reg_onprem\/front&amp;sz=300x50%7C300x100%7C300x250%7C300x251%7C300x252%7C300x600%7C300x601&amp;tile=4&amp;c=44Ygrm7qKB6q03Tju-c38rYgAAAAY&amp;t=ct%3Dns%26unitnum%3D4%26raptor%3Dfalcon%26pos%3Dmid%26test%3D0\" target=\"_blank\" rel=\"noopener\"><br \/>\n                    <img decoding=\"async\" src=\"https:\/\/mailinvest.blog\/wp-content\/themes\/breek\/assets\/images\/transparent.gif\" data-lazy=\"true\" data-src=\"https:\/\/pubads.g.doubleclick.net\/gampad\/ad?co=1&amp;iu=\/6978\/reg_onprem\/front&amp;sz=300x50%7C300x100%7C300x250%7C300x251%7C300x252%7C300x600%7C300x601&amp;tile=4&amp;c=44Ygrm7qKB6q03Tju-c38rYgAAAAY&amp;t=ct%3Dns%26unitnum%3D426raptor%3Dfalcon%26pos%3Dmid%26test%3D0\" alt=\"\"\/><\/a><br \/>\n            <\/noscript>\n        <\/div>\n<div class=\"adun_eagle_desktop_story_wrapper\">\n<div aria-hidden=\"true\" class=\"adun\" data-pos=\"mid\" data-raptor=\"eagle\" data-xxlg=\",mpu,dmpu,\">\n                <noscript><br \/>\n                    <a href=\"https:\/\/pubads.g.doubleclick.net\/gampad\/jump?co=1&amp;iu=\/6978\/reg_onprem\/front&amp;sz=300x50%7C300x100%7C300x250%7C300x251%7C300x252%7C300x600%7C300x601&amp;tile=3&amp;c=33Ygrm7qKB6q03Tju-c38rYgAAAAY&amp;t=ct%3Dns%26unitnum%3D3%26raptor%3Deagle%26pos%3Dmid%26test%3D0\" target=\"_blank\" rel=\"noopener\"><br \/>\n                        <img decoding=\"async\" src=\"https:\/\/mailinvest.blog\/wp-content\/themes\/breek\/assets\/images\/transparent.gif\" data-lazy=\"true\" data-src=\"https:\/\/pubads.g.doubleclick.net\/gampad\/ad?co=1&amp;iu=\/6978\/reg_onprem\/front&amp;sz=300x50%7C300x100%7C300x250%7C300x251%7C300x252%7C300x600%7C300x601&amp;tile=3&amp;c=33Ygrm7qKB6q03Tju-c38rYgAAAAY&amp;t=ct%3Dns%26unitnum%3D3%26raptor%3Deagle%26pos%3Dmid%26test%3D0\" alt=\"\"\/><\/a><br \/>\n                <\/noscript>\n            <\/div>\n<\/p><\/div>\n<p>But Foxconn has revealed that the project was the first to be established under <a target=\"_blank\" href=\"https:\/\/www.theregister.com\/2021\/12\/16\/india_semiconductor_mission\/\" rel=\"noopener\">India<\/a>\u2019s Electronics Manufacturing &amp; Production Linked Incentive Scheme, a program that offers subsidies to defray the cost of building chip plants within the nation\u2019s borders.<\/p>\n<p>The scheme encourages manufacturers to think small: <a target=\"_blank\" href=\"https:\/\/www.theregister.com\/2021\/12\/22\/india_details_semiconductor_subsidies\/\" rel=\"noopener\">subsidies rise<\/a> if manufacturers invest in smaller production nodes, so there\u2019s more cash on offer for a 28nm factory than a 40nm facility.<\/p>\n<p>Foxconn\u2019s announcement asserts its new plant will provide \u201csignificant boost to domestic manufacturing of electronics in India.\u201d No metric of significance was offered so <i>The Register<\/i> cannot guess at what percentage of local demand the plant will meet.<\/p>\n<p>The symbolic value of the announcement is easier to assess, because India\u2019s Aatmanirbhar Bharat self-sufficiency drive calls for the nation to attract foreign investment from top-tier players in order to satisfy local demand and create export industries. Foxconn\u2019s world-spanning operations certainly mean this new plant has a chance of creating exports, while landing the world\u2019s largest tech manufacturer \u2013 Foxconn holds that crown \u2013 demonstrates that India\u2019s investment attraction policy is achieving its goals.<\/p>\n<div aria-hidden=\"true\" class=\"adun\" data-pos=\"top\" data-raptor=\"falcon\" data-xsm=\",fluid,mpu,\" data-sm=\",fluid,mpu,\" data-md=\",fluid,mpu,\">\n            <noscript><br \/>\n                <a href=\"https:\/\/pubads.g.doubleclick.net\/gampad\/jump?co=1&amp;iu=\/6978\/reg_onprem\/front&amp;sz=300x50%7C300x100%7C300x250%7C300x251%7C300x252%7C300x600%7C300x601&amp;tile=4&amp;c=44Ygrm7qKB6q03Tju-c38rYgAAAAY&amp;t=ct%3Dns%26unitnum%3D4%26raptor%3Dfalcon%26pos%3Dmid%26test%3D0\" target=\"_blank\" rel=\"noopener\"><br \/>\n                    <img decoding=\"async\" src=\"https:\/\/mailinvest.blog\/wp-content\/themes\/breek\/assets\/images\/transparent.gif\" data-lazy=\"true\" data-src=\"https:\/\/pubads.g.doubleclick.net\/gampad\/ad?co=1&amp;iu=\/6978\/reg_onprem\/front&amp;sz=300x50%7C300x100%7C300x250%7C300x251%7C300x252%7C300x600%7C300x601&amp;tile=4&amp;c=44Ygrm7qKB6q03Tju-c38rYgAAAAY&amp;t=ct%3Dns%26unitnum%3D426raptor%3Dfalcon%26pos%3Dmid%26test%3D0\" alt=\"\"\/><\/a><br \/>\n            <\/noscript>\n        <\/div>\n<p>But India will need plenty more announcements of this sort before it gets anywhere near meeting local demand, never mind becoming a global semiconductor player. And the scheme\u2019s funding is not on a scale that suggests India will challenge other nations any time soon: subsidies on offer total $10bn for the scheme, less than <a target=\"_blank\" href=\"https:\/\/www.theregister.com\/2022\/02\/08\/european_chips_act\/\" rel=\"noopener\">\u20ac11bn<\/a> the European Union has thrown at its chip industry stimulus, the $20bn Intel is spending in <a target=\"_blank\" href=\"https:\/\/www.theregister.com\/2022\/01\/21\/intel_us20bn_ohio\/\" rel=\"noopener\">Ohio<\/a> or the $17bn <a target=\"_blank\" href=\"https:\/\/www.theregister.com\/2021\/11\/24\/samsung_picks_taylor_texas_for_fab\/\" rel=\"noopener\">Samsung will spend<\/a> on a new fab in Texas. \u00ae<\/p>\n<\/p><\/div>\n<iframe data-lazy=\"true\" data-src=\"https:\/\/www.fiverr.com\/gig_widgets?id=U2FsdGVkX18x7XQvttUTrv1oEqmGNGTgvvCUiUoJ\/AP4z\/UyMz8lXGOLpu15jIMxBbTR0gmD5uBoFvhC4KWeALQRp3h\/X\/AwcVD0K8Wj9H\/ZzYKzcCNHosB9oS4SCJJFWiN85P9ICAc4OgCoE\/wHKIY7CDkf2\/DQ1vqGvk4smVe5cRDEmrLPCWi4FC8p40VUhSmWQ5udCm0zoJtorgWv3vbDQw0kKYkwn39ozAnQXDe+YvWMxkLFWA+O3TFwkJvdkIK+\/AUSnRssPKt5WHY0FhNOxnSPcLslEL4G4\/RfP95ve99U+kRnDy3X+KtzdQLY+u935ghON\/o3UE4IMv9oN6JX9RnxzL\/LRcOgnHigxStSGPKsZYtnz8RWNVT\/rOLAibqiWJadC5MYHRbekF3eg6FOGrQGkXYbsn0+a5aovnlLCbLwIqY9fcS17UX8J235iQ6cdmHNbrPeS84CMm34RA==&affiliate_id=1052423&strip_google_tagmanager=true\" loading=\"lazy\" data-with-title=\"true\" class=\"fiverr_nga_frame\" frameborder=\"0\" height=\"350\" width=\"100%\" referrerpolicy=\"no-referrer-when-downgrade\" data-mode=\"random_gigs\" onload=\" var frame = this; var script = document.createElement('script'); script.addEventListener('load', function() { window.FW_SDK.register(frame); }); script.setAttribute('src', 'https:\/\/www.fiverr.com\/gig_widgets\/sdk'); document.body.appendChild(script); \" ><\/iframe>\n<br \/><a href=\"https:\/\/go.theregister.com\/feed\/www.theregister.com\/2022\/02\/14\/foxconn_vedanta_india_chip_factory_jv\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Taiwanese tech manufacturer to the stars Hon Hai Technology Group, aka Foxconn, has announced it\u2019s formed a joint venture to build semiconductors in India under&#8230;<\/p>\n","protected":false},"author":1,"featured_media":13259,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-13258","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tech-universe"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Foxconn forms JV to build chip factory in India \u2022 The Register - mailinvest.blog<\/title>\n<meta name=\"description\" content=\"Technology is forever changing, and there are always new pieces of technology to replace obsolete ones. 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