Why Foxconn’s decision will not affect India’s semiconductor goals, know the inside
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Won’t affect our goals
“Foxconn’s decision to pull out of JV with Vedanta will have no impact on India’s semiconductor fab goals,” Chandrasekhar tweeted. Chandrashekhar wrote in a tweet, ‘The government has nothing to do with whether two private companies want to work together or not. But in simple words it means that both the companies can now independently pursue their strategies in India. They will move forward with the right technology partners in Semicon and Electronics.
Also read: Big blow to semiconductor manufacturing in India, Foxconn raised its hands, Vedanta left
both had no previous experience
It is well known that both the companies had no prior experience or technology of Semicon. They expected to get fab tech from the tech partner. Their joint venture VFSL originally proposed the 28 nm fab. But they could not bring a suitable tech partner for that proposal.
Now came the proposal of 40 nm
The minister said, “Vedanta through VFSL has recently proposed 40 nm supported by a Tech Licensing Agreement with a Global Semicon Company. Which is currently being evaluated by the Semicon_India Tech Advisory Group.
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