Taiwan-based iPhone maker Foxconn has also announced a partnership with Vedanta in India amid a global chip shortage. Under this partnership, both the companies are going to produce the chip in India itself. Let us tell you that Foxconn is the world's largest electronic contractor company, which has also been a major supplier of Apple. In the last few years, the company has expanded its scope even more in areas like Electric Vehicles (EVs) and Semiconductor.

Foxconn said in a statement that it has also signed an agreement with Vedanta Group, so that the chip can be made in India. The company has also talked about taking an important step for domestic manufacturing of electronics in India. Foxconn can also invest $ 118.7 million, or about Rs 900 crore, to set up this joint venture. Foxconn is going to have a 40 percent stake under this partnership. The company says that this is the first of its kind joint venture between the two companies that will fulfill PM Modi Narendra Modi's dream of creating an ecosystem for semiconductor manufacturing in India. Prior to which Foxconn has also partnered with Yageo to make chips globally.

For your information, let us tell you that the production of iPhone 12 in India is being done by Foxconn only. Foxconn's plant is in Tamil Nadu. The information about the production of iPhone 12 in India has been received for hearing a few days ago. A few days back, it was also said in a report that Apple has also started trial production of the iPhone 13 series in India, which is also being done at Foxconn's plant. The iPhone 11 and iPhone 12 are already being produced at Foxconn's plant in India.

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