Foxconn Withdraws from $19.5B Semiconductor Joint Venture with Vedanta, Hindering India's Chipmaking Plans
Portfolio Pulse from Anusuya Lahiri
Foxconn, a supplier to Apple Inc, has withdrawn from a $19.5 billion semiconductor joint venture with Indian conglomerate Vedanta, posing a challenge to India's chipmaking plans. The joint venture was part of India's economic strategy to foster domestic electronics manufacturing. Foxconn's withdrawal may impact the efforts to attract foreign investors for local chip production. The joint venture was one of the three applications for chip manufacturing under a $10 billion incentive scheme in India.
July 10, 2023 | 2:03 pm
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NEGATIVE IMPACT
Foxconn's withdrawal from the joint venture may impact Apple's supply chain as Foxconn is a key supplier.
As Foxconn is a key supplier to Apple, its withdrawal from the joint venture may impact Apple's supply chain, potentially leading to supply disruptions.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 60
NEGATIVE IMPACT
Foxconn's withdrawal from the joint venture with Vedanta may impact its diversification into chip manufacturing.
Foxconn's withdrawal from the joint venture may hinder its plans to diversify into chip manufacturing, potentially impacting its future growth.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
The delay in the ISMC project due to Tower Semiconductor's acquisition by Intel Corp may impact Intel's expansion plans.
The delay in the ISMC project due to Tower Semiconductor's acquisition by Intel Corp may impact Intel's expansion plans in the semiconductor industry.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
The impasse in talks to involve STMicroelectronics as a partner in the Vedanta-Foxconn project may impact STMicroelectronics' expansion plans.
The impasse in talks to involve STMicroelectronics as a partner in the Vedanta-Foxconn project may impact STMicroelectronics' expansion plans in the semiconductor industry.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
The delay in the ISMC project due to Tower Semiconductor's acquisition by Intel Corp may impact Tower Semiconductor's operations.
The delay in the ISMC project due to Tower Semiconductor's acquisition by Intel Corp may impact Tower Semiconductor's operations and future growth in the semiconductor industry.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50