In a temporary setback to India's chip manufacturing plans, Foxconn on Monday decided to pull out of a semiconductor joint venture with Indian conglomerate Vedanta.
The two companies had announced a mega $19. 5 billion plan for a semiconductor foray after the Indian government had come out with a lucrative $10 billion incentive package for those willing to invest but could not come up with a concrete and committed plan for kickstarting production. Watch the complete video now to know more.
#vedantajv #foxconn #etnow
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