{"id":19228,"date":"2022-02-15T12:15:26","date_gmt":"2022-02-15T17:15:26","guid":{"rendered":"https:\/\/www.technewsday.com\/?p=19228"},"modified":"2022-02-16T10:30:42","modified_gmt":"2022-02-16T15:30:42","slug":"foxconn-partners-with-vedanta-to-make-chips-in-india","status":"publish","type":"post","link":"https:\/\/technewsday.com\/staging\/foxconn-partners-with-vedanta-to-make-chips-in-india\/","title":{"rendered":"Foxconn Partners With Vedanta To Make Chips In India"},"content":{"rendered":"\n<p>Foxconn has announced a partnership with Indian company Vedanta, which will produce semiconductors in India.<\/p>\n\n\n\n<p>Under the deal, Foxconn will invest $118.7 million to create a joint venture with Vedanta which will be the main shareholder in the new company. Foxconn would hold 40% of the shares.<\/p>\n\n\n\n<p>&#8220;This first-of-its-kind joint venture between the two companies will support Indian Prime Minister Narendra Modi&#8217;s vision to create an ecosystem for semiconductor manufacturing in India,&#8221; Foxconn said in a statement.<\/p>\n\n\n\n<p>Foxconn, the world&#8217;s largest contract electronics maker, is using this strategy to invest its revenues in other areas, including electric vehicles (EVs) and semiconductors.<\/p>\n\n\n\n<p>Foxconn, a major Apple supplier in 2021, has partnered with Yageo Corp to make semiconductor chips, and the company said it was in talks with related foundries to make chips for EVs.<\/p>\n\n\n<p>For more information, read the <a href=\"https:\/\/www.reuters.com\/technology\/iphone-maker-foxconn-make-chips-india-with-vedanta-2022-02-14\/\" target=\"_blank\" rel=\"noopener\">original story<\/a> in Reuters.<\/p>","protected":false},"excerpt":{"rendered":"<p>Foxconn announced a partnership with Vedanta which will produce semiconductors in India.<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[9],"tags":[],"class_list":["post-19228","post","type-post","status-publish","format-standard","hentry","category-todays-news"],"acf":[],"_links":{"self":[{"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/posts\/19228","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/comments?post=19228"}],"version-history":[{"count":4,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/posts\/19228\/revisions"}],"predecessor-version":[{"id":19269,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/posts\/19228\/revisions\/19269"}],"wp:attachment":[{"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/media?parent=19228"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/categories?post=19228"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/tags?post=19228"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}