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Weeks after Foxconn's partnership with Vedanta Resources fell through, it is now partnering with STMicroelectronics NV to bid on building a semiconductor factory in India. The companies are seeking state support to establish a 40-nanometer chip plant. India is actively trying to boost chip output and reduce reliance on imports
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.
Vedanta Group and Foxconn have separately applied to the Indian government to establish semiconductor fabrication units in the country. Both companies have submitted details of their proposed technology partners and funding for the chip fabrication units. The government is currently reviewing their proposals and engaging in discussions to finalize the agreements.
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