Foxconn Withdraws From Rs 1.5 Lakh Crore Vedanta Chip Plan In India

Foxconn said it is "working to remove the Foxconn name from what now is a fully-owned entity of Vedanta".

Foxconn on Monday said it has decided to pull out of semiconductor joint venture with Indian conglomerate Vedanta, according to a statement.

Foxconn said it is "working to remove the Foxconn name from what now is a fully-owned entity of Vedanta".

"Foxconn has no connection to the entity and efforts to keep its original name will cause confusion for future stakeholders," Hon Hai Technology group (Foxconn) said.