India's Vedanta to take over Foxconn chip joint venture from holding company

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India's metals-to-oil conglomerate Vedanta Ltd said on Friday that it would take over from its holding company the ownership of a joint venture with Taiwan's Foxconn that was set up to make semiconductors.

A bird flies by the Vedanta office building in Mumbai August 16, 2010. REUTERS/Danish Siddiqui/File Photosaid on Friday that it would take over from its holding company the ownership of a joint venture with Taiwan's Foxconn that was set up to make semiconductors.

Vedanta also said it would also take over a display glass manufacturing venture from Volcan Investments, Vedanta's holding company.

 

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