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Company has no connection to entity and efforts to keep its original name will confuse future stakeholders, says Hon Hai Technology Group
Taiwan’s Foxconn has withdrawn from a USD 19.5 billion semiconductor joint venture with mining baron Anil Agarwal’s Vedanta Ltd as the venture struggled to get a technology partner...
Most of the world's chips are manufactured in a handful of countries and India, which expects its semiconductor market to be worth USD 63 billion by 2026, is a late entrant
Vedanta responded saying it was "fully committed to its semiconductor fab project and we have lined up other partners.
Taiwan's Foxconn has pulled out of its joint venture with Vedanta in India, which had planned to invest $20bn in semiconductor manufacturing. The government downplayed the development, stating that it would not impact India's plans to become a semiconductor manufacturing destination. | Latest News India