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Hon Hai ditches Vedanta chip plan in blow to India

By Taipei Times

11 Jul 2023

Hon Hai Precision Industry Co (鴻海精密), also known as Foxconn Technology Group (富士康科技集團), yesterday said that it has withdrawn from a US$19.5 billion semiconductor joint venture with Indian metals-to-oil conglomerate Vedanta Ltd, in a setback to Indian Prime Minister Narendra Modi’s chipmaking plans for India.

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