[Levin]

Foxconn is pulling out of a $20 billion joint venture in India that would have produced semiconductor and display components.

The top Apple supplier didn’t provide a reason for the breakup, but the $19.5 billion project would have been one of its largest moves outside China.

The reason given by a source is:

A source familiar with the matter said concerns about incentive approval delays by India's government had contributed to Foxconn's decision to pull out of the venture.


https://www.reuters.com/technology/foxco...023-07-10/