Foxconn, STMicro seek Indian support for semiconductor factory
Technology

Foxconn, STMicro seek Indian support for semiconductor factory

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.

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.

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code