Billionaire Anil Agarwal’s Ambitious $19 Billion Chip Manufacturing Venture Faces Significant Challenges
Billionaire Anil Agarwal’s ambitious plan to establish a $19 billion semiconductor manufacturing plant in India is encountering substantial obstacles. The joint venture between Agarwal’s Vedanta Resources Ltd. and Taiwan’s Hon Hai Precision Industry Co. (Foxconn) has struggled to secure a technology partner and faces difficulties in obtaining government financial incentives. Partnership and Technology Acquisition Hurdles…