Foxconn in talks for 2 fab plants as Vedanta joint venture fails

Having walked out of a joint venture with the Vedanta group to set up a semiconductor plant in Gujarat, Taiwanese major Foxconn is learnt to be looking at chip manufacturing in the country separately. According to a source in the know, Foxconn is planning to apply to the government to set up two fab plants on its own.

One of the facilities that the Taiwanese firm is planning will be a compound semiconductor plant based on gallium nitride to…