Foxconn is best known as the main assembler of Apple's iPhones. But in last couple of years, the Taiwanese firm has made a push into semiconductors.
is part of that plan. Its aim is to become a "one stop shop" for electronics and automotive companies, Shah said.
"There was recognition from both sides that the project was not moving fast enough, there were challenging gaps we were not able to smoothly overcome, as well as external issues unrelated to the project," Foxconn said.
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