Foxconn said in a statement that it had decided not to push forward the joint venture project with Vedanta, but did not mention the specific reasons. Foxconn said that the two sides cooperated for more than a year with a view to establishing a chip factory in India, but unanimously decided to terminate the plan. Foxconn will remove its name from the joint venture company, which is currently wholly owned by Vedanta.
Hon Hai, the parent company of Foxconn, issued a statement in the evening, saying that over the past year or so, Hon Hai Technology Group and Vedanta have worked together to realize the same semiconductor concept in India, which is a fruitful cooperation experience and laid a solid foundation for their next development. In order to explore more development opportunities, Hon Hai will no longer participate in the operation of the joint venture company according to the agreement between the two parties.
Foxconn corporate culture
Corporate logo: Foxconn logo design is directly composed of English letter elements. The logo design has a good atmosphere, and the blue like the sea reflects the boldness of its enterprise. First of all, the letter form of Foxconn LOGO is relatively regular, which can better reflect that the enterprise system is very organized, just as the development of the enterprise is developing steadily step by step.
Business philosophy: Foxconn was founded in 1974. Under the leadership of its president, Mr. Guo Taiming, Foxconn strives to make computer, communication and consumer electronics (3C) products a part of the convenient life of all mankind by providing the most competitive all-round cost advantage in the world.
International concept: it was rated as the best 15 electronic enterprise in the world by Fortune magazine, and became the only company in the world to be ranked among the top 10 companies of Business Week for five consecutive years.
Reference to the above content: Baidu Encyclopedia-Foxconn