Foxconn dumps $19.5 billion Vedanta chip plan in blow to India

www.reuters.com

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Foxconn dumps $19.5 billion Vedanta chip plan in blow to India

www.reuters.com

goat@sh.itjust.worksM to worldnews@sh.itjust.worksEnglish · 2 years ago

cross-posted to:
[email protected]

Taiwan's Foxconn has withdrawn from a $19.5 billion semiconductor joint venture with Indian metals-to-oil conglomerate Vedanta, it said on Monday, in a setback to Prime Minister Narendra Modi's chipmaking plans for India.

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