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The electronics giant backed out of the $19.5 billion partnership.

Taiwanese electronics giant Foxconn withdrew from a $19.4 billion deal with Indias Vedanta to make semiconductors in the South Asian nation owing to "challenging gaps", it announced Tuesday.

Taiwanese electronics giant Foxconn withdrew from a $19.4 billion deal with India's Vedanta to make semiconductors in the South Asian nation owing to "challenging gaps", it announced Tuesday.The deal would have seen Vedanta -- one of India's biggest mining companies -- take a 60 percent share in the joint venture, while Foxconn would have the minority stake. 

Foxconn on Monday said it is withdrawing from the Joint Venture (JV) with Vedanta to establish a Semiconductor plant in Gujarat – PM Narendra Modi’s home state.

Foxconn said it is "working to remove the Foxconn name from what now is a fully-owned entity of Vedanta".

India Business News: Foxconn on Monday said it has decided to pull out of semiconductor joint venture with Indian conglomerate Vedanta, according to a statement. Foxconn s

Foxconn on Monday said it has decided to pull out of semiconductor joint venture with Indian conglomerate Vedanta, according to a statement.

Cyient DLM Ltd. launched its initial public offering on Tuesday to raise as much as Rs 592 crore. On the first day, the issue was subscribed 2.65 times, with retail investors and HNIs driving demand.

The Largest Tech Showcase Event in Asia, May 25-28, 2023, at Royal Paragon Hall, Siam Paragon Shopping Center

New Delhi, April 6: iPhones made in India increased in volume and value last year as Apple moved to shift some of its production away from China to diversify its supply chain, South China Morning Post reported.