As per available reports, the government is likely to tell the venture between Agarwal's Vedanta Resources Ltd. and Taiwan's Hon Hai Precision Industry Co. it won't get incentives to make 28-nanometer chips
Also known by its official name, Hon Hai Precision Industry, Foxconn is reportedly the world's biggest contract electronics manufacturer and a principal assembler of Apple iPhones
The Vedanta-Foxconn consortium is one of the five applicants seeking government incentives under a $10-billion package announced in December 2021 to promote domestic semiconductor manufacturing