Technology

Foxconn dumps $19.5 bn Vedanta Chip Venture, dealing a blow to India’s semiconductor plans

KATHMANDU: In a significant setback to India’s ambitions of becoming a major player in chipmaking, Taiwanese electronics giant Foxconn has announced its withdrawal from a high-profile $19.5 billion semiconductor joint venture with Indian conglomerate Vedanta. This decision deals a blow to Prime Minister Narendra Modi’s vision of establishing India...

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