- PM Modi meets Young Liu, the chairman of Taiwanese firm Foxconn, and welcomes the Taiwanese firm’s plans to expand semiconductor manufacturing in India.
- India is becoming an excellent conductor for semiconductor investments,” PM Modi said.
- ‘Ecosystem for semiconductor chips in India is very brave’: said Foxconn chief Young Liu.
- Foxconn is the world’s largest contract electronics maker.
PM Modi meets Foxconn chief, welcomes Taiwanese firm’s plans to expand semiconductor manufacturing in India. Young Liu, the chairman of Taiwanese firm Foxconn met Prime Minister Narendra Modi in Gandhinagar.
“The PM welcomed Foxconn’s plans to expand semiconductor and chip manufacturing capacity in India,” the PMO said in a tweet. Earlier in the day, PM Modi said that India is “rolling out the red carpet” for the semiconductor industry, as he invited global semiconductor majors to invest in India. He added that whosoever comes forward will have a “first mover’s advantage.”
“As India moves forward on the path of reform, new opportunities will be created. India is becoming an excellent conductor for semiconductor investments,” PM Modi said at the inaugural session of ‘SemiconIndia 2023’ in Gandhinagar.
The ecosystem for semiconductor chips in India is for the “very brave”, Young Liu earlier said as he expressed optimism about the country’s semiconductor roadmap during the second edition of SemiconIndia.
Earlier this month, Taiwan-based Foxconn, which also supplies to smartphone giant Apple, withdrew from a USD 19.5 billion semiconductor joint venture with Vedanta as the venture struggled to get a technology partner to make chips that are used in mobile phones, refrigerators, and cars.
Foxconn is the world’s largest contract electronics maker. Foxconn is a Taiwanese multinational electronics contract manufacturer established in 1974 with headquarters in Tucheng, New Taipei City, Taiwan.
Foxconn manufactures electronic products for major American, Canadian, Chinese, Finnish, and Japanese companies. Notable products manufactured by Foxconn include the BlackBerry, iPad, iPhone, iPod, Kindle, all Nintendo gaming systems since the GameCube, Nokia devices, Cisco products, Sony devices (including mostly PlayStation gaming consoles), Google Pixel devices, Xiaomi devices, every successor to Microsoft’s Xbox console, and several CPU sockets, including the TR4 CPU socket on some motherboards., Foxconn factories manufactured a major quantity of all consumer electronics sold worldwide.
Foxconn named Young Liu its new chairman after the retirement of founder Terry Gou, effective on 1 July 2019. Young Liu was the special assistant to former chairman Terry Gou and the head of business group S (semiconductor).
(With inputs from agencies
