What Vedanta and Foxconn released on Feb. 14 was little more than a piece of paper. Memoranda of understanding don’t commit either party to anything. The $118.7 million that Foxconn — the world’s largest contract electronics maker — is putting up for a 40% stake in the joint venture is just a number. And Vedanta is an unexpected choice of partner because its background is in mining and commodities, with limited experience in technology manufacturing.
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Tuesday, February 15, 2022
India’s latest chip venture little more than a piece of paper?
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