Foxconn Abandons $19.5 Billion Vedanta Chip Plan, Blows India

Foxconn Abandons $19.5 Billion Vedanta Chip Plan, Blows India

TAIPEI/BENGALURU: Taiwan’s Foxconn announced on Monday that it had pulled out of its $19.5 billion semiconductor joint venture with Indian metal-oil conglomerate Vedanta in the wake of Prime Minister Narendra Modi’s plan to manufacture semiconductors for India. Last year, the world’s largest contract electronics maker signed an agreement with Vedanta to set up a semiconductor … Read more