Foxconn pulls out $19.5 billion Vedanta Chips plan in India.

Previously Foxconn, the global contract electronics company, has inked an agreement with Vedanta to build semiconductor and display production plants in Gujarat.

This investment for the project between Foxconn & Vedanta was Rs.1.5 lakh crore.

As per the reports "Both companies will now pursue the dream of semiconductor production independently."

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Due to the dilution of the contract, Vedanta Ltd shares declined for 2%.

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