CURRENT AFFAIRS

Detailed explanation-1: -The joint venture between India’s Vedanta Limited and Taiwanese electronics manufacturer Foxconn recently announced that it will set up its semiconductor and display manufacturing facility at the Dholera Special Investment Region near Ahmedabad, Gujarat.

Detailed explanation-2: -The joint venture of Indian conglomerate Vedanta and electronics manufacturing giant Foxconn has finalised the Dholera Special Investment Region near Ahmedabad for setting up their semiconductor and display manufacturing facility.

Detailed explanation-3: -Vedanta, which has tied up with iPhone’s contract manufacturer Foxconn to set up a semiconductor manufacturing unit in Gujarat, has announced plans to invest up to Rs 66, 000 crore in the semiconductor chip manufacturing plant. The company plans to start with the manufacturing of chips in the 28 nm and lesser range.