Editor
Taiwan’s Foxconn has withdrawn from a $19.5 billion (roughly Rs. 1,61,133 crore) semiconductor joint venture with Indian metals-to-oil conglomerate Vedanta, it said on Monday in a setback to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.
Foxconn, the world’s largest contract electronics maker, and Vedanta signed a pact last year to set up semiconductor and display production plants in PM Modi’s home state of Gujarat.
“Foxconn has…
