Foxconn Withdraws from $19.5 Billion Semiconductor Joint Enterprise with Vedanta
INDIA: In a setback to Prime Minister Narendra Modi’s ambitions of bolstering chipmaking in India, Taiwan’s Foxconn introduced on Monday that it has pulled out of a $19.5 billion semiconductor three way partnership with Indian conglomerate Vedanta. The three way partnership, which aimed to ascertain semiconductor and show manufacturing vegetation in Gujarat, had been a … [Read more…]