India approves HCL-Foxconn joint venture semiconductor unit

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The story "India approves HCL-Foxconn joint venture semiconductor unit" was covered 8 hours ago by Channel News Asia, a news publisher based in Singapore.

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India approves HCL-Foxconn joint venture semiconductor unit - Channel News Asia

Quick Summary:

NEW DELHI :India's cabinet on Wednesday approved a new semiconductor unit, a joint venture between HCL Technologies and Foxconn, costing 37.06 billion rupees ($434.72 million) and to be located in the northern state of Uttar Pradesh, information minister Ashwini Vaishnaw said.($1 = 85.

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FILE PHOTO: The logo of Foxconn, the trading name of Hon Hai Precision Industry, is seen on top of the company's headquarters in New Taipei City, Taiwan March 29, 2016.