Foxconn withdraws from semiconductor joint venture with Vedanta

Foxconn has withdrawn from its joint venture with Vedanta for semiconductor manufacturing in India. The partnership, established in 2022 with a planned investment of $19.5 billion, is now fully owned by Vedanta. The announcement was made on July 10, 2023.

“Foxconn has officially announced its decision to withdraw from a joint venture with Vedanta for semiconductor manufacturing in India.”displaydaily.com

• 3 sources
• displaydaily.comFoxconn Withdraws from Indian Semiconductor Joint Venture with Vedanta – Display DailyEmory KaleJul 10, 2023
• apnews.comChip maker Foxconn exits a semiconductor joint venture with Indian mining company Vedanta | AP NewsAshok SharmaJul 12, 2023
• ndtvprofit.comFoxconn Backing Out Of Semiconductor JV Credit Negative For Vedanta: CreditSightsPTIJul 13, 2023

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