Foxconn dumps $19.5 billion Vedanta chip plan in blow to India
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Foxconn dumps $19.5 billion Vedanta chip plan in blow to India
https://www.reuters.com/technology/foxconn-pulls-out-india-chip-jv-with-vedanta-2023-07-10/
Taiwan's Foxconn has withdrawn from a $19.5 billion semiconductor joint venture with Indian metals-to-oil conglomerate Vedanta, it said on Monday, in a setback to Prime Minister Narendra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.