Foxconn pulls out of joint venture, Vedanta to take over semiconductor JV from holding company
Foxconn pulls out of semiconductor joint venture with Vedanta: The electronics manufacturer told Reuters in a statement that "Foxconn is working to remove the Foxconn name from what now is a fully-owned entity of Vedanta."
Earlier, the news agency had reported that Vedanta would take over the ownership of the joint venture with Taiwan's Foxconn, that had been set up to make semiconductors. (Pic: Reuters)