Foxconn Technology is teaming up with STMicroelectronics in a bid to build a semiconductor factory in India.
Taiwan’s Foxconn and Franco-Italian
STMicro
are applying for state support for a 40-nanometer chip plant, people familiar with the matter said. Such mature chips are used in cars, cameras, printers and a wide variety of other machines.
The move comes after Foxconn’s attempted partnership with billionaire Anil Agarwal’s Vedanta Resources fell apart following a year of little progress.
By partnering with STMicro, Foxconn is tapping the expertise of a chip-industry pioneer to expand in the lucrative semiconductor business.
New Delhi has asked Foxconn – best known as Apple‘s key assembly partner – for more details about its partnership with STMicro, the people said.
Foxconn is also in talks with a few other companies that have chip-making technology, one of them added.
India’s technology ministry didn’t respond to a request for comment. Foxconn and STMicro’s spokespersons declined to comment.
