Foxconn, STMicro seek Indian support for semiconductor factory

08 Sep 2023 CW Team

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.

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.

Equipment

11 Dec 2025

Caterpillar Debuts Three New Cat Excavators at EXCON 2025

Caterpillar Inc., a global leader in construction and mining machinery, strengthened its commitment to India’s infrastructure growth with the debut of three new Cat® hydraulic excavators at EXCON 2025, held from December 9–13 at the Bangalore International Exhibition Centre. The new models—Cat 321, Cat 322 and Cat 324—mark a significant step forward in delivering efficient, digital-ready equipment tailored for India’s evolving construction needs.Designed to support sustainability and productivity on modern jobsites, the machines feature advanced powertrains and intelligent electrohy..

Equipment

11 Dec 2025

JK Tyre Expands OTR Lineup with Four New Launches at EXCON 2025

JK Tyre & Industries, one of India’s leading tyre manufacturers, introduced four new Off-the-Road (OTR) tyres at the 13th edition of CII EXCON 2025, South Asia’s largest construction equipment exhibition, underway at the Bangalore International Exhibition Centre. The latest additions strengthen the company’s OTR portfolio and reaffirm its focus on delivering advanced mobility solutions for construction, mining and industrial operations.The new tyres were unveiled by R Mukhopadhyay, Director (R&D), JK Tyre. Among the highlights was the debut of the SKY GRIP, a specialised tyre des..

Equipment

11 Dec 2025

ACE, Sanghvi Movers Ink MOU to Boost India-Made Heavy Crane Adoption

Action Construction Equipment (ACE), the world’s largest pick-and-carry crane manufacturer and a leading Indian construction equipment maker, has entered into a strategic Memorandum of Understanding with Sanghvi Movers, Asia’s largest and the world’s fifth-largest crane rental company. The partnership aims to accelerate the deployment of indigenously manufactured heavy slew cranes, particularly truck cranes and crawler cranes, across large-scale infrastructure and industrial projects in India.The alliance aligns strongly with the Government of India’s “Aatmanirbhar Bharat” and “M..