Why Did Taiwan’s Foxconn Exit Indian Chip Deal? Chinese Columnist Drops Some Gossip

A file image showing a Foxconn sign in a special economic zone outside of Chennai, India in 2021. Image: Arun Sankar / AFP

Earlier in July, the Taiwanese contract electronics maker Foxconn, one of Apple’s largest suppliers, announced it was pulling out of a $19.5 billion deal to produce semiconductors in India.

The joint venture between Foxconn and the Indian mining and metals firm Vedanta was seen as a way for India to displace China from the global chip race, as Beijing also faces investment barriers from the United States.

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by Cobus van Staden

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