FOXCONN TECHNOLOGY GROUP is team for a biding up with build a semiconductor factory in India, seeking state backing to broaden its footprint in the South Asian country.
STMicroelectronics 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.
The move comes after Foxconn's attempted partnership with billionaire Anil Agarwal's Vedanta Resources fell apart after a year of little progress. By partnering with STMicro, contract manufacturer Foxconn is tapping the expertise of a chip-industry pioneer to expand in the lucrative but difficult semiconductor business.
Denne historien er fra September 08, 2023-utgaven av Financial Express Mumbai.
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Denne historien er fra September 08, 2023-utgaven av Financial Express Mumbai.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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