Foxconn and Vedanta join hands for a semiconductor plant in India

Earlier this week, Gujarat, an Indian state, and Foxconn and Vedanta Resources inked a Memorandum of Understanding (MoU) for the development of semiconductor and display manufacturing facilities. The arrangement is the largest investment initiative in any Indian state to date, valued at INR 1.54 lakh crore ($19.5 billion).

Gujarat, an Indian state, Foxconn, and Vedanta Resources signed a Memorandum of Understanding (MoU) earlier today to construct manufacturing facilities for semiconductors and displays. At INR 1.54 lakh crore ($19.5 billion), the agreement is the largest investment endeavour in any Indian state to date.