Hon Hai Technology Group, the parent company of Foxconn in China’s Taiwan, said in a statement on Monday that it was not proceeding with one of its largest overseas investment projects — a $19.5 billion semiconductor plant with India’s Vedanta.
[Photo/IC] Hon Hai Technology Group, the parent company of Foxconn in China’s Taiwan, said in a statement on Monday that it was not proceeding with one of its largest overseas investment projects — a $19.5 billion semiconductor plant with India’s Vedanta. While increasing restrictions on Chinese chip enterprises, the US has placed high hopes on India’s “encroachment” into China’s market share.
