Taiwan's Foxconn said on Monday it had withdrawn from a $19.5 billion semiconductor joint venture with Indian metals-to-oil conglomerate Vedanta , in a setback to Prime Minister Narendra Modi's chipmaking plans for India.
a 50-50 joint venture to design and sell semiconductors for the automotive industry from 2026.
The joint venture, called SiliconAuto, will supply Stellantis, including its new 'STLA Brain' electronic and software architecture, Foxconn and other customers.Reporting by Ben Blanchard; Editing by Sonai Paul
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