Vedanta-Foxconn semiconductor plans to incorporate STMicroelectronics in a joint venture have encountered a snag

Vedanta-Foxconn semiconductor plans to incorporate STMicroelectronics in a joint venture have encountered a snag.

The presence of STMicroelectronics as a technical partner in the Vedanta-Foxconn chipmaking project is critical.

[{"selector":"#anim-71cfd517-d25f-4a91-8160-b24edb224115 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(-7.105427357601002e-15%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

The discussions between the Vedanta-Foxconn semiconductor consortium.

[{"selector":"#anim-833a2e5c-206f-4e3a-ba76-0decf9576d02 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(-7.105427357601002e-15%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

STMicroelectronics has some reservations about investing in the (Vedanta-Foxconn) combination.

[{"selector":"#anim-f41cdf6d-df5e-4c25-a531-0b0e04b0083b [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(-7.105427357601002e-15%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]