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 plan was to boost New Delhi's self-reliance in the technology supply chain, given that semiconductors are an essential component of nearly all modern electronics - powering everything from coffee machines to electric cars.
While Vedanta did not confirm the pull-out, it reiterated that it is"fully committed to its semiconductor fab project", adding that there are other partners in line to set up India's first foundry.
Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen: