Hon Hai's response to chip subsidy application may be rejected: it is still in discussion with the Indian government about a joint venture plan for 28nm chips.

[Hon Hai's response to chip subsidy application may be rejected: still discussing 28 nm chip joint venture with Indian government] Hon Hai responded to reports that the Indian government may reject a subsidy application from a chip joint venture between Indian tycoon Agarwal and Hon Hai Group, which involves an estimated amount of billions of dollars in aid. Hon Hai said it was still discussing with the Indian government its plans to form a joint venture with Vedanta, the Indian aluminium producer, to produce 28nm chips in India.