India raised questions over Foxconn-Vedanta chip incentive plan -source
Taiwan's Foxconn pulled out of a semiconductor joint venture with Vedanta after India's government raised questions over its application for an incentive scheme for chip production
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BENGALURU (Reuters) - Taiwan's Foxconn pulled out of a semiconductor joint venture with Vedanta after India's government raised questions over its application for an incentive scheme for chip production, a source familiar with the matter said.
Foxconn and Vedanta did not respond immediately to requests for comment.
(Reporting by Aditya Kalra in New Delhi and Munsif Vengattil in Bengaluru; Editing by David Goodman)
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
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First Published: Jul 10 2023 | 10:12 PM IST