Taiwanese chip-making giant Foxconn's chairman Young Liu on Friday met Narendra Modi in New Delhi when the Indian PM welcomed the company's plans to expand semiconductor and chip manufacturing capacity in India.
Following the meeting, PMO India tweeted: "Mr. Young Liu, Chairman of Foxconn, met PM @narendramodi in Gandhinagar. The PM welcomed Foxconn's plans to expand semiconductor and chip manufacturing capacity in India."
Young Liu was in India to attend the SemiconIndia 2023 in Gujarat.
Speaking at the event, Young Liu said Taiwan is and will be India's most trusted and reliable partner.
Expressing hope over the direction in which India is planning to move ahead in the semiconductor journey, he was quoted as saying by Hindustan Times: "Where there is a will there's a way, I can feel the determination of the Indian government."
"I am very optimistic about the way India will be headed," he said.
"PM Modi once mentioned that IT stands for India and Taiwan. PM, Taiwan is and will be your most trusted and reliable partner. Let's do this together," the Taiwanese business leader said.
Modi inaugurated SemiconIndia 2023 at Mahatma Mandir in Gandhinagar, Gujarat on Friday.
The theme of the Conference is ‘Catalysing India’s Semiconductor Ecosystem’.
It showcases India’s semiconductor strategy and policy which envisions making India a global hub for semiconductor design, manufacturing and technology development.