Foxconn Withdraws From $19.5 Bln India Semiconductor JV Project

Foxconn, Apple's key iPhone assembler and supplier with major operations in China, has pulled out of a $19.5 billion semiconductor joint venture deal with Indian conglomerate Vedanta. The JV project to produce semiconductor and display components in Gujrat, the home state of Indian Prime Minister Narendra Modi, was signed in September last year. Foxconn reportedly said the decision to withdraw...

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