• Feedback
  • RSS Feed
  • Sitemap
Ommcom News
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ
No Result
View All Result
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ
No Result
View All Result
Odisha News, Odisha Breaking News, Odisha Latest News || Ommcom News
Home Business

Foxconn Withdraws From JV With Vedanta For Chip Manufacture

OMMCOM NEWS by OMMCOM NEWS
July 10, 2023
in Business

Bengaluru:  In a major setback to Prime Minister Narendra Modi’s plans of making India a chip-manufacturing hub, Taiwanese chip-making giant Foxconn on Monday announced that it has withdrawn from a joint venture with India-based industrial giant Vedanta.

Foxconn was supposed to execute a $19.5 billion semiconductor joint venture with metals to oil conglomerate Vedanta.

Foxconn and Vendanta had signed a MoU in 2022 to establish semiconductor and display production parts in Gujarat, the home state of PM Modi.

“Foxconn has determined it will not move forward on the joint venture with Vedanta,” the company said in a statement, without elaborating over the matter.

It maintained that the withdrawal matter is settled between the two companies.

Vedanta is yet to react to the development.

(IANS)

ShareTweetSendSharePinShareSend
Previous Post

Gujarat HC Stays Trial Against Delhi L-G In Assault Case

Next Post

Punjab CM Visits Rain-Affected Areas

Related Posts

Business

Gold-Silver Remains Bullish This Week, Hitting All-Time Highs

October 4, 2025
Business

Indian Stock Market Ends Holiday-Shortened Week On Positive Note

October 4, 2025
Business

RBI Proposes Easier Rules For Companies To Raise Foreign Currency Loans

October 3, 2025
Business

Banks To Clear Cheques On Same Day From Oct 4 Over RBI Guidelines

October 3, 2025
Indian Stock Market
Business

Sensex, Nifty Open Lower Over Sustained FII Selling

October 3, 2025
Business

India’s Trade Stance With US ‘Good, Disciplined’: Ex-US Official

October 3, 2025
Next Post

Punjab CM Visits Rain-Affected Areas

NIA Arrests Trinamool Leader Over Detonator Recovery In Birbhum Last Year

SC Has Admitted Goa’s Plea Challenging Award Of Mhadei Tribunal: Pramod Sawant

Khimji
OMC
  • Feedback
  • RSS Feed
  • Sitemap

© 2025 - Ommcom News. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ

© 2025 - Ommcom News. All Rights Reserved.