Foxconn Exits Semiconductor Joint Venture with Indian Mining Company Vedanta
The electronics giant backed out of the $19.5 billion partnership.
Source: manufacturing.net
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Foxconn Pulls From $19.4 Bn Deal In India To Make Semiconductors
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.
Source: ibtimes.com
Foxconn pulls from $19.4 bn deal in India to make semiconductors
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.
Source: yahoo.com
Foxconn-Vedanta Semiconductor JV meets premature end
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.
Source: ummid.com
Foxconn withdraws from Rs 1.5 lakh crore JV with Vedanta semiconductor project in India
Foxconn said it is "working to remove the Foxconn name from what now is a fully-owned entity of Vedanta".
Source: dnaindia.com