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India raised questions over Foxconn-Vedanta chip incentive plan -source

India raised questions over Foxconn-Vedanta chip incentive plan -source

FILE PHOTO-The logo of Foxconn is seen outside the company's building in Taipei, Taiwan November 10, 2022. REUTERS/Ann Wang/file photo

10 Jul 2023 09:27PM

BENGALURU : Taiwan's Foxconn pulled out of a semiconductor joint venture with Vedanta after India's government raised questions over its application for an incentive scheme for chip production, a source familiar with the matter said.

Foxconn and Vedanta did not respond immediately to requests for comment.

Source: Reuters

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