Foxconn Abandons Major $19.5 Billion Chip Project in India

  • Foxconn, a key Apple supplier, has retracted its involvement in a $19.5 billion joint venture in Indian semiconductor and display manufacturing.
  • The collapse of this proposal prompts a setback to India’s aspirations of becoming a global hub for high-tech manufacturing, aligning with Prime Minister Narendra Modi’s vision.
  • Despite this decision, Foxconn continues to build multiple factory sites across India.
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