On July 10, Foxconn announced its decision to withdraw from a $19.5 billion joint venture with India’s Vedanta Group. The electronics assembling giant did not provide an explanation for this withdrawal. Initially, back in September 2022, Foxconn and Vedanta established a partnership, with plans to invest $19.5 billion in constructing a semiconductor and display manufacturing plant in the state of Gujarat, located in western India. However, on July 7 of this year, both parties mutually agreed to terminate the joint venture with Foxconn removing its name from the entity, which is now fully owned by Vedanta. [Reuters; Jiemian, in Chinese]