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UNBELIEVABLE: Foxconn exits 19 4bn chip deal in india - Caught on Camera

Foxconn India Vedanta Semiconductor Taiwan

Taiwanese electronics giant Foxconn referred to 'challenging gaps' for its withdrawal from the deal

TAIPEI" Taiwanese electronics giant Foxconn withdrew from a $19.4 billion deal with India's Vedanta to make semiconductors in the South Asian nation owing to "challenging gaps", it announced Tuesday.

The world's top iPhone assembler signed an agreement in September with Vedanta to set up a chip factory -- which would also produce display screens for phones and tablets -- in India's Gujarat state.

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