Vedanta-Foxconn chip manufacturing site to be finalized in two weeks


Local and multinational companies are ramping up their semiconductor investments in India, and Google may manufacture Pixel phones in India to diversify its supply chain.

Vedanta-Foxconn manufacturing site to be finalized in two weeks

After Gujarat Government announcement a Memorandum of Understanding with Vedanta-Foxconn JV to set up display and semiconductor factories with a total investment of INR 1.54 trillion (USD 19.4 billion), The economic period reported that the final site would be finalized in two weeks.

Synaptics will double its workforce in India

Synaptics CEO Michael Hurlston said Business world that Synaptics has 200 employees in India and would increase the headcount to 300-400 by the end of 2023, adding that India has a large amount of talent available.

Google is considering making Pixel phones in India

Reuters quoted the Information noting that due to China’s lockdown measures and US-China tension, Google has solicited bids from Indian manufacturers to manufacture between 500,000 and one million Pixel smartphones, representing 10-20% of production estimated annual number of Pixel smartphones. However, Alphabet CEO Sundar Pichai has yet to make a final decision.

Foxconn looking for foray into India’s battery swap

The economic period, citing sources, reported that executives of Foxconn, which makes swap stations, power electronics and batteries, had met with Indian government officials and expressed interest in India’s battery industry. exchangeable. Foxconn may opt for Gogoro or not, depending on upcoming Indian regulations on swappable battery standards.

Bharat Electronics could set up a semiconductor factory in India

Dinesh Kumar Batra, CMD of Bharat Electronics, said CNBC-TV18 that the company plans to invest INR 25 billion to set up a semiconductor manufacturing plant with HAL, with the plant expected to be operational in four years once approval is obtained.

India partners with Meta to support XR startups

According to a Press release published by India’s Ministry of Electronics and Information Technology on the Press Information Bureau of India, the ministry and Meta have joined forces to launch an accelerator program to support startups based on XR in India.