- Foxconn’s foray into semiconductors by joining with Vedanta for a $19.5 billion venture in India was plagued by high entry barriers and lack of progress.
- Their efforts were halted when European chipmaker STMicroelectronics, their technology partner, opted out, leaving the joint venture without much expertise.
- The venture failure underscores the difficulty for newcomers to penetrate the semiconductor market, dominated by established players like TSMC with decades of experience and complex supply chains.
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