Taiwan's Foxconn said on Monday it had withdrawn from a $19.5 billion semiconductor joint venture with Indian metals-to-oil conglomerate Vedanta, in a setback to Prime Minister Narendra Modi's chipmaking plans for India.Foxconn, a major Apple supplier and the world's largest contract electronics maker, ha
Taiwan's Foxconn said on Monday it had withdrawn from a $19.5 billion semiconductor joint venture with Indian metals-to-oil conglomerate Vedanta, in a setback to Prime Minister Narendra Modi's chipmaking plans for India.
Foxconn, a major Apple supplier and the world's largest contract electronics maker, has been attempting to break into making chips as it seeks to diversify and expand into the electric vehicle market.Foxconn forms a joint venture with Yageo Corp to expand its presence in the semiconductor industry.Foxconn buys a chip plant from Taiwan chipmaker Macronix International for T$2.52 billion .Foxconn discloses it is a shareholder in embattled Chinese chip conglomerate Tsinghua Unigroup via a 5.
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