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Foxconn pulls out of India chip JV with Vedanta
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Vedanta Ltd that was set up to produce semiconductors from India. Foxconn and Vedanta signed a pact last year to invest $19.5 billion to set up semiconductor and display production plants in the western state of Gujarat, seeking to tap into the country's plans to become an electronics major.
«Foxconn is working to remove the Foxconn name from what now is a fully-owned entity of Vedanta,» the electronics manufacturer said in a statement. Vedanta did not immediately respond to a request for comment.
. Read more on economictimes.indiatimes.comAbout this in other media
Foxconn eyes partner for new chip venture livemint.com /1 year ago
Foxconn issues list of FAQs on why it parted ways with Vedanta and its future plans for India livemint.com /1 year ago
India, Foxconn's worries over Vedanta's financials led to JV pullout: Sources economictimes.indiatimes.com /1 year ago
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