India will receive modern semiconductor production: Foxconn took over the construction of the plant

India will receive modern semiconductor production: Foxconn took over the construction of the plant

Almost 20 years of discussions about the construction of semi-conductor plants in India are nearing the stage of implementation of the plans, and the sites for the construction of several enterprises have already been defined, as has been the case for several projects. In particular, the Taiwan company Foxconn, together with the Indian company Vedanta, will invest $7.58 billion in India ' s semi-conductor plant and $11.95 billion in display production.

The Memorandum of Understanding on Joint Development of Semiconductor and Other High Technology Industries in India was signed by Foxconn and the Vedanta Conglomerate in February of this year, and it was only after the Indian Government decided to provide $30 billion in subsidies for the development of the country's high-tech production. This money not only attracted Foxconn and its Indian partner, but also Intel, whose new acquisition, the Israeli company Tower Semiconducor, was planning to build an analog chip factory in India for over 10 years.

The Indian authorities ' grants and subsidies will be sufficient for these and other projects, which have accelerated against the backdrop of global chip shortages and the departure of Chinese producers.

The first Foxconn semi-conductor factory with full processing of silicon substrates will be built in two years in Gujarat, the home state of Prime Minister Nrentra Modi of India. The start-up of the plant has been on record since 2024, two years after the start of construction. These plants usually require at least two and a half years of construction, equipment and commissioning. It appears that Foxconn will provide the process, and the Indian side will contribute the full amount of money required.

In addition, the Intel Tower Semiconducor unit, as part of an ISMC joint venture with an Arab venture fund, Next Orbit Ventations, is going to build a $3 billion-dollar semi-conductor plant in southern India, which is likely to produce analog solutions, and India will have a carving and packaging of NAND chips with silicon chips by the end of the year. India is thus close to realizing a long-standing dream of producing its own chips.