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Apple Supplier Foxconn to Apply for Chipmaking Incentives in India After Pulling Out of $19.5 Billion Vedanta JV

Taiwan's Foxconn said on Tuesday it plans to apply for incentives that India is offering under its semiconductor manufacturing policy, a day after the company parted ways with Vedanta on a $19.5 billion (roughly Rs. 1,60,600 crore) chipmaking joint venture.

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