India's Gujarat state is holding talks with Foxconn over a semiconductor plant, a top government official told Reuters, days after the Taiwanese giant broke off a $19.5 billion joint-venture plan with India's Vedanta.
, which was also planned for Prime Minister Narendra Modi's home state of Gujarat, citing issues such as slow progress.
The breakup of the JV was a setback for Modi's vision to establish India as a semiconductor manufacturing hub. However, Foxconn said later it would apply forFoxconn did not immediately respond to a request for comment. Reuters is first to report its talks with Gujarat. Modi wants to make chipmaking a top priority in pursuit of a "new era" in electronics manufacturing, but his plan has so farThree companies applied for incentives last year -- the Vedanta-Foxconn JV, Singapore-based IGSS Ventures and global consortium ISMC, which counts Tower SemiconductorExplaining the Vedanta split on Tuesday, Foxconn said "there was recognition from both sides that the project was not moving fast enough" and there were other "challenging gaps we were...
V. Lee, Foxconn's representative in India, wrote on LinkedIn: "Sometimes, you will fly higher when in solo."
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