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Foxconn applied to the Indian government to build a wafer fab, but similar approval was only given to Micron
Foxconn applied to the Indian government to build a wafer fab, but similar approval was only given to Micron
According to the "Economic Times" report, Indian Electronics and Information Technology Minister Rajiv Chandrasekhar revealed in a written reply to the Indian House of Commons that Foxconn has submitted an application to establish a semiconductor factory in India
The government has taken a number of measures to promote the development of the electronic product manufacturing industry, including areas such as semiconductors, smartphones and electric vehicles. He also said the government is encouraging large-scale investment in electronic products and home appliances and promoting exports
Foxconn announced in early December that it had set aside $1.6 billion for a new factory in Karnataka. , with an additional investment of US$1 billion, the total reached US$3.6 billion (equivalent to 25.74 billion yuan)
According to reports, India launched an incentive plan worth 760 billion rupees (approximately 65.208 billion yuan) in December 2021 to promote the development of industries such as semiconductors and display panels. Currently, Micron is the only international chip manufacturer to receive approval for the plan. Mr. Chandrasekhar said that Micron had received approval for India’s first semiconductor factory in June 2023 and is currently building the factory. Work has started
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