LIVE: Blow to India’s Chip Mission? Foxconn Exits Vedanta Joint Venture | Vantage With Palki Sharma
LIVE: Blow to India’s Chip Mission? Foxconn Exits Vedanta Joint Venture | Vantage With Palki Sharma
In a setback to India’s programme to become a global semiconductor hub, Taiwanese giant Foxconn has pulled out of a $19.5 billion joint venture with India’s Vedanta. Last year, Vedanta had announced a partnership with Foxconn to set up a chip manufacturing facility in India. However, the two giants have now decided to part ways. Will this affect New Delhi’s programme to emerge as a key participant in the global chip manufacturing and electronics industry, or can India recover from the offend? Palki Sharma decodes.
#foxconn #vedanta #vantage #palkisharma #englishnewslive #cnnnews18live #news18live
n18oc_world