Tata Group close to seal deal with Wistron; Foxconn pulls out of semiconductor joint venture with Vedanta; more

The Tata Group is close to sealing the deal with Wistron. The deal is valued over 600 million dollars, marking Tata as the first Indian company to enter the iPhone assembly market. 

And in a setback to India's chip-making plan, Foxconn has decided to pull out of the semiconductor joint venture with Vedanta. Under the 19.5 billion dollar deal, Foxconn had signed a pact with Vedanta last year to set up a semiconductor production plant in Gujarat.