Taiwan's Foxconn said on Monday it had withdrawn from a joint venture with conglomerate Vedanta , in a blow to Indian Prime Minister Narendra Modi's chipmaking plans.
are deadlocked. Vedanta-Foxconn had got on board STMicro for licensing technology, but India's government had made clear it wants the European chipmaker to have "more skin in the game", such as a stake in the partnership, a source with direct knowledge of the matter said.
Vedanta for breaching disclosure rules by publishing a press release that made it appear it had partnered with Foxconn to make semiconductors in India, as the deal was with Vedanta's holding company.Vedanta chip JV, without specifying a reason. "Foxconn has determined it will not move forward on the joint venture with Vedanta," it said, saying it had worked for more than a year on the project but the two sides had mutually decided to end the JV.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
How To Watch Jurassic Park Movies & TV Shows In Order: Chronologically Or By Release DateThe dinosaur adventure franchise has seen numerous film and TV installments, but the Jurassic Park timeline has a couple of confusing bumps to it.
Lire la suite »
Taylor Swift, Taylor Lautner’s Timeline: 'Back to December' ExplainedTaylor Swift’s ‘Back to December’ is believed to be written about her romance with Taylor Lautner — timeline
Lire la suite »
Timeline: How bank robbery, shooting that injured Columbus officer happenedThe Dispatch breaks down minute-by-minute how Thursday's crime spree and shooting unfolded across central Ohio.
Lire la suite »
Carrie Underwood and Mike Fisher's Relationship TimelineCarrie Underwood and husband Mike Fisher have been going strong since 2008 — see a timeline of their sweetest moments
Lire la suite »