'India poised to deny funding for Vedanta-Foxconn chip venture'

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India's government is expected to refuse vital funding for Anil Agarwal's Vedanta Resources' semiconductor venture with Taiwan's Hon Hai Precision Industry. Vedanta and Hon Hai applied for incentives for the production of 28-nanometer chips, which potentially could have been worth billions of dollars, but India's government ruled the joint venture had not met the criteria set.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/jBQSXic

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