Taiwan-based tech giant Foxconn announced Monday its withdrawal from a $19.5 billion joint semiconductor manufacturing deal with Indian metal and energy company Vedanta. The deal’s collapse is a setback for Indian Prime Minister Narendra Modi’s plan to make India a leading source of computer chips and a personal disappointment because the Foxconn-Vedanta plant would have
Foxconn Pulls out of $19.5 Billion Chip Deal in Setback for Narendra Modi’s Tech Agenda
September 19, 2023 by