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14 Sep
08:47

Foxconn, Vedanta jointly invest in semiconductor production in India

Taiwanese multinational contract manufacturer Foxconn and the Mumbai-headquartered Indian mining company Vedanta recently signed a memorandum of understanding (MOU) with the Gujarat government. The two parties will jointly invest about INR 1.54 trillion ($19.4 billion) in Gujarat State, India, to establish semiconductor manufacturing complexes, Kallanish learns.  Vedanta Resources' founder and chairman Anil Agarwal says to Financial Times: …
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