Foxconn dumps $19.5 billion Vedanta chip plan in blow to India
Foxconn dumps $19.5 billion Vedanta chip plan in blow to India
www.reuters.com Foxconn dumps $19.5 billion Vedanta chip plan in blow to India
Taiwan's Foxconn has withdrawn from a $19.5 billion semiconductor joint venture with Indian metals-to-oil conglomerate Vedanta, it said on Monday, in a setback to Prime Minister Narendra Modi's chipmaking plans for India.
This is disheartening. Not having local semiconductor production is a liability. I hope we get some capabilities soon.
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