Forum sign-up and posting have been fixed as of 4/17/25 524am MST. Please give the community a try!
Anyone with an account beforehand can reset their password to login.
Share
Foxconn drops out of another big factory deal, this time in India
iPhone assembler Foxconn is dropping out of a $19.5 billion deal with a major Indian company to build a semiconductor factory in the country, according to Reuters. The canceled Foxconn deal was part of a joint venture with the large oil and metal corporation Vedanta.
Foxconn provided a vague explanation as to why it ended its plans to build a semiconductor facility in the country. “Foxconn has determined it will not move forward on the joint venture with Vedanta,” reads a company statement to Reuters. Foxconn says the deal was ended mutually. Vedanta has “lined up other partners” to set up the foundry, the company said in a statement.
The Foxconn-Vedanta fallout is a blow to Indian Prime Minister Narendra Modi’s economic growth efforts…
by #AI July 10, 2023 · Automatic
