Foxconn withdrawal from Vedanta JV has no impact on India’s semiconductor goals: MoS IT

New Delhi: Taiwanese electronics manufacturer Foxconn’s decision to pull out of Vedanta joint venture has no impact on India’s semiconductor fabrication plant goal, Minister of State for Electronics and IT Rajeev Chandrasekhar said on Monday. Foxconn has decided to pull out of the semiconductor joint venture with billionaire Anil Agarwal-promoted Vedanta.

“This decision of Foxconn to withdraw from its JV with Vedanta has no impact on India’s Semiconductor Fab goals. None,” Chandrasekhar tweeted.