CURRENT AFFAIRS

Detailed explanation-1: -In February 2022, Vedanta and Hon Hai Technology Group (Foxconn), announced a joint venture to manufacture semiconductors in India. At the signing of the memorandum of understanding with the Gujarat government, Vedanta had said the project envisages total investment of approximately $18 billion (Rs 1,54,000 crore).

Detailed explanation-2: -Tata Elxsi Ltd, ASM Technologies Ltd, Dixon Technologies (India) Ltd, SPEL Semiconductor Ltd, Moschip Technologies Ltd, Ruttonsha International Rectifier Ltd, HCL Technologies Ltd, and others are a few semiconductor stocks in India. Scroll to the top to find a longer list of semiconductor companies in India.

Detailed explanation-3: -A joint venture of the Indian conglomerate Vedanta and Taiwanese electronics manufacturing giant Foxconn signed a Memorandum of Understanding with the Gujarat government on Tuesday to set up a semiconductor and display manufacturing unit in the state.

Detailed explanation-4: -Not so long ago, Vedanta Chairman Anil Agarwal announced in a series of tweets that in a joint venture with Taiwanese multinational electronics contract manufacturer Foxconn, it had signed a Memorandum of Understanding (MoU) with the Gujarat government to set up a semiconductor and display manufacturing unit.

Detailed explanation-5: -Mumbai-headquartered Vedanta announced a partnership with Taipei-based Foxconn in February this year to form a joint venture company for manufacturing semiconductors in the South Asian market.