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Foxconn pulls out of 19.5 billion chipmaking JV with Vedanta

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Taiwan's Foxconn is pulling out of a $19.5-billion joint venture with Vedanta that was set up to produce semiconductors from India. Foxconn and Vedanta signed a pact last year to set up semiconductor and display production plants in Gujarat. "Foxconn is working to remove the Foxconn name from what now is a fully-owned entity of Vedanta," a statement said.
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