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Setback For Make In India: Foxconn Terminates Rs 1 5 Lakh Crore Semiconductor Manufacturing Project In India - Trak in

Setback For Make In India: Foxconn Terminates Rs 1 5 Lakh Crore Semiconductor Manufacturing Project In India - Trak in
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Foxconn withdraws from JV for chip manufacture, Vedanta to go ahead: No impact on India s chip dream

In a major setback to Prime Minister Narendra Modi s plans of making India a chip-manufacturing hub, Taiwanese chip-making giant Foxconn on Monday announced that it has withdrawn from a joint venture with India-based industrial giant Vedanta.

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Foxconn Withdraws from $19 5B Semiconductor Joint Venture with Vedanta, Hindering India s Chipmaking Plans

Hon Hai Precision Industry Co Ltd (OTC: HNHPF) Foxconn has announced its withdrawal from a $19.5 billion semiconductor joint venture with Indian conglomerate Vedanta, dealing a setback to chipmaking plans for India. The Apple Inc (NASDAQ: AAPL) supplier and Vedanta forged a deal in 2022 to establish semiconductor and display production plants in Prime Minister Modi's home state of Gujarat. Foxconn said it would not proceed with the joint venture with Vedanta, Reuters reports. Also Read: Apple Go

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