Foxconn Technology eyes second chip plant in India, sans govt incentive
Having already applied to set up a semiconductor plant in India with joint venture (JV) partner Vedanta, Foxconn Technology Group has shown interest in setting up a second plant, this time without any government incentive.
A management delegation from Foxconn, led by Chairman Young Liu, was in India last week for meetings, and also met Prime Minister Narendra Modi. Liu was here to deepen the company’s business relationship for the long term. It has participated, through two of its companies (Foxconn Hon Hai and Bharat FIH), in the country’s production-linked incentive (PLI) scheme as a vendor for Apple Inc as well as other mobile device makers.