Chitchat Foxconn Run Road from Incredible India When Promised Govt Funding Never Ever Come

[Pinkieslut]

Government To Reject Vedanta-Foxconn Joint Venture Request For Funding: Report​

Vedanta and Foxconn had announced a Rs 1,54,000 lakh crore investment in Gujarat

Foxconn Foxconn

​

UPDATED: 31 MAY 2023 2:57 PM

Government is reportedly set to decline Foxconn and Vedanta’s joint venture request to receive incentives for manufacturing semiconductor chips in India.
According to Bloomberg report, authorities are likely to inform the joint venture that it won’t receive incentives for building 28-nanometre chips. The venture has not been able to meet government requirements to receive funding as the project still lacks a technology partner and a manufacturing grade technology licence for construction of 28 nanometre chips.


The rejection will come as a setback for Anil Agarwal-led Vedanta’s chipmaking ambitions.
Last year, Vedanta and Foxconn had announced a Rs 1,54,000 lakh crore investment in Gujarat to set up a manufacturing unit in the state.
Both the companies had formed a joint venture, Vedanta Foxconn Semiconductors Ltd (VFSL), which is led by Vedanta Chairman Anil Agarwal. Vedanta is the majority shareholder in the venture, with a 63 per cent stake, whereas Foxconn holds a 37 per cent minority stake in the joint venture.
Indian government has been trying to promote manufacturing in the semiconductor sector under which the$10 billion India Semiconductor mission was launched in December 2021. Under the programme, India government aims to provide subsidy to selected chip manufacturers.
Apart from the chipmaking venture, Foxconn has also invested in manufacturing Apple products in India. Recently, the Taiwan based firm announced a $500 million investment in Telangana. This comes as the firm looks to diversify production line away from China amid concerns over the country’s trade conflict with the United States.

 

[syed putra]

India can entice foxconn with funding and hit them back with tax penalties like what it did with other foreign investors.

Or perhaps, this is why

Tata nears deal to become first Indian iPhone maker​

A takeover of the Wistron Corp factory, valued at over US$600 million, would end a year of negotiations.
Bloomberg - 11 Jul 2023, 6:22pm

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The debut of an Indian iPhone is likely to add momentum to Apple’s efforts to diversify its product base beyond China.
NEW DELHI: Tata Group, India’s largest conglomerate, is close to an agreement to acquire an Apple Inc supplier’s factory as soon as August, marking the first time a local company would move into the assembly of iPhones, according to people familiar with the matter.

A takeover of the Wistron Corp factory in southern Karnataka state, potentially valued at more than US$600 million, would cap about a year of negotiations, said the people, asking not to be named as the matter is private. The facility employs more than 10,000 workers, who assemble the latest iPhone 14 model.

 

[Rogue Trader]

Tata nears deal to become first Indian iPhone maker

Good luck to India but I'm not holding my breath

People don't know the complexities of high tech manufacturing

 

[k1976]

Good luck to India but I'm not holding my breath

People don't know the complexities of high tech manufacturing

Good luck to future iPhone owners

 

[tanwahtiu]

Government To Reject Vedanta-Foxconn Joint Venture Request For Funding: Report​

Vedanta and Foxconn had announced a Rs 1,54,000 lakh crore investment in Gujarat

Foxconn Foxconn

​

UPDATED: 31 MAY 2023 2:57 PM

Government is reportedly set to decline Foxconn and Vedanta’s joint venture request to receive incentives for manufacturing semiconductor chips in India.
According to Bloomberg report, authorities are likely to inform the joint venture that it won’t receive incentives for building 28-nanometre chips. The venture has not been able to meet government requirements to receive funding as the project still lacks a technology partner and a manufacturing grade technology licence for construction of 28 nanometre chips.


The rejection will come as a setback for Anil Agarwal-led Vedanta’s chipmaking ambitions.
Last year, Vedanta and Foxconn had announced a Rs 1,54,000 lakh crore investment in Gujarat to set up a manufacturing unit in the state.
Both the companies had formed a joint venture, Vedanta Foxconn Semiconductors Ltd (VFSL), which is led by Vedanta Chairman Anil Agarwal. Vedanta is the majority shareholder in the venture, with a 63 per cent stake, whereas Foxconn holds a 37 per cent minority stake in the joint venture.
Indian government has been trying to promote manufacturing in the semiconductor sector under which the$10 billion India Semiconductor mission was launched in December 2021. Under the programme, India government aims to provide subsidy to selected chip manufacturers.
Apart from the chipmaking venture, Foxconn has also invested in manufacturing Apple products in India. Recently, the Taiwan based firm announced a $500 million investment in Telangana. This comes as the firm looks to diversify production line away from China amid concerns over the country’s trade conflict with the United States.

Ahneh backstabbing and seize the factory get it for nothing or $1.

 

[ThugSin]

 

[Rogue Trader]

Good luck to future iPhone owners

Yeah. Their phone will smell like Mumbai

 

[Rogue Trader]

Just look at this - "Indian manufacturing quality". And this is for the phone casing only. Can you imagine the delicate components inside??

50% Rejection Rate For iPhone Casings Produced In India Show Scale of Apple's Challenge​

from the quality-control-issues dept.

A 50% rejection rate for iPhone casings produced by an Indian company is a stark illustration of the difficulties Apple faces in reducing its dependence on China. 9to5Mac reports:Apple's target for casings that fail to pass quality control is 0%, with Chinese suppliers reportedly getting extremely close to this. The attitude of Indian suppliers is also said to compare poorly with the can-do approach of Chinese companies, with one former Apple engineer saying that there is no sense of urgency in its Indian supply chain...

The Financial Times reports that poor yields is a key challenge faced by Apple in attempting to replicate its Chinese supply chain in India: "At an iPhone casings factory in Hosur run by Indian conglomerate Tata, one of Apple's suppliers, just about one out of every two components coming off the production line is in good enough shape to eventually be sent to Foxconn, Apple's assembly partner for building iPhones, according to a person familiar with the matter. This 50 per cent 'yield' fares badly compared with Apple's goal for zero defects. Two people that have worked in Apple's offshore operations said the factory is on a plan towards improving proficiency but the road ahead is long."

Tech entrepreneur and academic Vivek Wadhwa said that it will likely take three years or so for Indian suppliers to be capable of the kind of volume production needed to make a noticeable dent in Chinese production. [...] He also suggested that Apple, too, will need to adapt -- especially when it comes to dealing with the bureaucratic government: "He suggested its engineers learn the art of jugaad -- a way of 'making do' or transcending obstacles. 'Because everything in India is an obstacle,' he said."
Posted by BeauHD February 15th, 2023 7:20AM [Archived]

 

[mojito]

Ceca word u oso can be leave?

 

[syed putra]

Good luck to future iPhone owners

IPhone rhymes with i-ndia.