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NEW DELHI -- Electronics giant Foxconn backed out of a $19.5 billion semiconductor joint venture with Indian mining conglomerate Vedanta Ltd. due to “external…
The $19.5 billion semiconductor JV was called off due to “external issues unrelated to the project,” Foxconn said.
Hon Hai Technology, known internationally as Foxconn, and Vedanta Limited announced their joint venture to manufacture chips and display panels in India in February 2022.
Taiwan-based electronics giant Foxconn is backing out of a $19.5 billion semiconductor joint venture with Indian mining conglomerate Vedanta Ltd.
The electronics giant backed out of the $19.5 billion partnership.