Vedanta to set up semiconductor plant with Foxconn within two years: Chairman

According to the memorandum of understanding earlier signed between the two companies, Vedanta will hold the majority equity in the JV, while Foxconn will be the minority shareholder. Vedanta's chairman will be the chairman of the joint venture. Discussions are currently ongoing with a few state governments to finalise the location of the plant, the company had earlier said.

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