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Foxconn seeks to work with STMicro to build India chip plant, Telecom News, ET Telecom

Taiwan s Foxconn and Franco-Italian STMicro are applying for state support for a 40-nanometer chip plant, people familiar with the matter said, asking not to be identified as the plan isn t public. Such mature chips are used in cars, cameras, printers and a wide variety of other machines. ....

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Foxconn looking to work with STMicro to build India chip plant

Prime Minister Narendra Modi has pledged $10 billion to woo chipmakers, promising his administration will bear half the cost of setting up semiconductor sites. That effort has prompted US memory chip firm Micron Technology Inc. to announce a $2.75 billion assembly and testing facility in Modi’s home state of Gujarat. ....

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