Schedule a Call Back
Foxconn, STMicroelectronics collaborate for Semiconductor Factory in India
Industry News- Sep 08,23
By collaborating with STMicro, Foxconn, a contract manufacturer, is leveraging the expertise of a semiconductor industry pioneer to expand its presence in the highly competitive but challenging semiconductor sector.
Foxconn Technology Group and STMicroelectronics NV are joining forces in a bid to establish a semiconductor factory in India, as they seek state support to expand their presence in the South Asian nation.
Sources familiar with the matter, who preferred to remain anonymous as the plan has not yet been made public, indicate that Foxconn, based in Taiwan, and the Franco-Italian company STMicroelectronics are seeking state assistance for the construction of a 40-nanometer chip manufacturing facility. Such advanced chips are used in a wide range of applications, including automobiles, cameras, printers, and various other devices.
This move comes in the wake of Foxconn's unsuccessful attempt to partner with billionaire Anil Agarwal's Vedanta Resources, which yielded minimal progress over a year. By collaborating with STMicro, Foxconn, a contract manufacturer, is leveraging the expertise of a semiconductor industry pioneer to expand its presence in the highly competitive but challenging semiconductor sector.
The previous failure of Foxconn's venture with Vedanta, a metals company, underscores the formidable challenges of establishing new semiconductor plants. These massive complexes require billions of dollars in investment and demand highly specialised expertise for successful operation. Both Foxconn and Vedanta lacked significant prior experience in chip manufacturing, and their joint venture was hindered by delays in securing a partner with production-ready chip technology and obtaining state subsidy approvals.
New Delhi has reportedly requested more details from Foxconn, renowned for its role as Apple Inc.'s primary assembly partner, regarding its partnership with STMicro. Furthermore, Foxconn is said to be engaged in discussions with several other companies possessing chip-making technology, according to one of the sources.
As of now, there has been no response from India's technology ministry, and both Foxconn and STMicro spokespersons have declined to comment on the matter.
Source: Business Standard
Related Stories
Process Equipment
MAN Industries Signs Five-Year MoU with Aramco Asia India
The MoU marks a significant milestone in strengthening energy sector cooperation between India and Saudi Arabia.
Read moreMachine Tools & Accessories
IMTEX Forming 2026 to bring together global metal forming leaders in Bengaluru
At the Asia's largest metal forming exhibition, 600+ global exhibitors from 20 countries will showcase latest technologies in metal forming, digital manufacturing, welding, and moulding among others..
Read moreAuto & Auto Components
GST Reforms and Festive Demand Fuel Auto Sales in India: ICRA
The Indian automobile industry saw strong growth in October 2025, with GST 2.0 reforms, festive demand, and rising rural offtake driving a sharp surge in retail sales across the CV and two-wheeler s..
Read moreRelated Products
Integrated Electric Gripper S Series
ELECTRICAL & ELECTRONIC EQUIPMENT
IBK Engineers Pvt Ltd offers a wide range of integrated electric gripper S series.
Geared Electric Motors
ELECTRICAL & ELECTRONIC EQUIPMENT
Delco Fans Pvt Ltd offers single phase capacitor run and three
phase geared Instrument motors, totally enclosed face/foot mounted.
“Kusam-Keco” Partial Discharge Acoustic Imager - Model - Km-pdai
ELECTRICAL & ELECTRONIC EQUIPMENT
‘Kusam-Meco’ has introduced a new “Partial Discharge Acoustic Imager Model KM-PDAI.
latest News
Subscribe to iNoW
For Industry News on WhatsApp, Give a Miss Call on: +91 84228 74016
