Vedanta and Foxconn sign agreement with Indian state for $20 billion semiconductor unit • TechCrunch
Indian oil-to-metals giant Vedanta and global manufacturing giant Foxconn have signed a memorandum of understanding with the Indian state of Gujarat to set up a $20 billion semiconductor unit in the coastal state that is home of Prime Minister Narendra Modi, officials said Tuesday. Foxconn will bring technical expertise to the venture whereas Vedanta, which…