Foxconn exits $19.5 billion semiconductor JV with Vedanta

The semiconductor joint venture (JV) between Foxconn and Vedanta was expected to be the cornerstone of India’s semiconductor aspirations. However, that has become a pipe dream now, with Foxconn announcing its decision to pull out of the $19.5 billion JV. The writing was on the wall for the partnership for a while. Let’s see what led to the split.