Escape from India, “All-in“ for Huawei Chips? Did Foxconn Make the Right Choice?
Not long ago, Foxconn was talking about “abandoning China and investing in India,“ but now they are making a big splash in the Indian market. According to media reports, Foxconn’s semiconductor partnership with Indian company Vayana has been discontinued, possibly because their joint application for government subsidies under the “Indian Semiconductor Task Framework“ worth $10 billion, which was submitted to New Delhi, did not receive government support. This means that India’s first semiconductor company has officially failed.
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