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Apple supplier Foxconn pulls out of $19.5 billion India chip project

A man walks past the barricade of India’s first Apple retail store that will be launched soon at Jio World Drive mall in Mumbai, April 5, 2023.

Francis Mascarenhas | Reuters

Lead Apple supplier and global manufacturing powerhouse Foxconn has pulled out of a $19.5 billion joint venture project with Indian conglomerate Vedanta that would have brought semiconductor and display manufacturing to the Indian state of Gujarat.

“Foxconn has determined it…

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