Foxconn, Vedanta plan tech tie-up with STM for India semiconductor manufacturing unit

Foxconn and Vedanta are close to inducting European chipmaker STMicroelectronics as the technology partner in their proposed semiconductor chip manufacturing unit in India, people aware of the development said.

Foxconn will be the lead partner in the joint venture (JV) that was announced last February. “The government is bullish on Foxconn, which is committing huge investments in India,” said a person cited above.