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Foxconn pulls from $19.4 bn deal in India to make semiconductors
Foxconn pulls from $19.4 bn deal in India to make semiconductors
Business and Economy
by  AFP

Taiwanese electronics giant Foxconn withdrew from a $19.4 billion deal with India's Vedanta to make semiconductors in the South Asian nation owing to "challenging gaps", it announced Tuesday. The deal would have seen Vedanta -- one of India's biggest mining companies -- take a 60 percent share in the joint venture, while Foxconn would have the minority stake.