Month: July 2023

Foxconn remains committed to chipmaking in India  Foxconn seeks new partner for India chipmaking – source  Foxconn is in active talks with several local and international partners to build up semiconductor production in India.  The Indian government has said Foxconn’s decision had “no impact” on India’s plans, adding that both companies were “valued investors” in the country.  Taiwan’s Foxconn said it plans to apply for incentives that India is offering under its semiconductor manufacturing policy, a day after the company parted ways with Vedanta on a $19.5 billion chipmaking joint…

Taiwan’s Foxconn leaving a key $19.5 billion joint venture with Vedanta will not affect India’s semiconductor programme, Union Minister Ashwini Vaishnaw told a tv channel. Foxconn in a statement said the decision to end the joint venture was mutual. Let’s have a look at the facts: Both Foxconn and Vedanta have no prior chip-making experience or technology. They were expected to source it from a technology partner. “Both Foxconn and Vedanta are committed to Prime Minister Narendra Modi’s Make in India policy and India’s semiconductor programme. Foxconn withdrawing from the…

Facing an uncertain global economy and slowing revenue growth, technology companies have picked up the pace of layoffs in 2023.  Microsoft has laid off 276 employees, mostly in customer service, support, and sales teams, in a new job cut round.   The fresh job cuts “go beyond the 10,000 global layoffs announced by Microsoft on January 18,” reports Geek Wire.  In May, Microsoft slashed 158 jobs in Washington State which were not part of the 10,000 announced earlier.  The tech giant had more than 220,000 employees as reported earlier this…

To further boost India’s ‘Act East Policy’ and strengthen bilateral ties with Malaysia, Raksha Mantri Shri Rajnath Singh held extensive discussions with his Malaysian counterpart Mr Dato’ Seri Mohamad Hasan in Kuala Lumpur on July 10, 2023. He also called on Prime Minister Mr YB Dato’ Seri Anwar bin Ibrahim, besides meeting with Minister of Foreign Affairs of Malaysia Dato’ Seri Diraja Dr Zambry Abd Kadir. After touching down in Kuala Lumpur late on July 09, 2023, Shri Rajnath Singh began his official engagements with a ceremonial Guard of Honour…