Semiconductor manufacturing is expensive and requires formidable technological expertise. After Foxconn and Vedanta split, both are looking for new partners.
In a surprising turn of events, Taiwanese manufacturing heavyweight Foxconn has pulled out from its $19.5 billion joint venture with Vedanta to manufacture electronic chips.
Anil Agarwal-led Volcan Investments has decided to rejig semiconductor business segment by bringing it under subsidiary Twin Star Technologies Limited, the group firm Vedanta said on Friday.
Under the new structure, Twin Star Technologies (TSTL), which is a sister concern of Vedanta Ltd, will
Under the new structure, Twin Star Technologies Ltd will become its subsidiary and Vedanta's semiconductor and display business will be brought under TSTL