Foxconn in talks with TSMC, TMH group to make chips in India: Report, TMH g

Foxconn is in talks with Taiwan's chip-making giant Taiwan Semiconductor Manufacturing Co (TSMC) and Japan's TMH Group for a joint venture and technology partnership to start semiconductor fab units in India, The Economic Times (ET) reported on Friday citing people aware of the matter.

This comes days after Click hereFoxconn and Vedanta Group called off their chip joint venture.

TSMC is among the world's top chip makers and TMH Group provides semiconductor solutions, and operation and maintenance of manufacturing equipment.

Foxconn, according to the report, has been in talks with the two companies for some time now and is soon expected to announce the details of the partnership. The companies are expected to make both advanced as well as legacy chips in India.

The Taiwanese company's JV with Vedanta was called off after the two failed to get a technology partner on board. The Centre had asked them to do so as both Foxconn and Vedanta are new to chip making.

While still in JV, Foxconn was in talks with Europe's STMicro and GlobalFoundaries of the US for a tech partnership. It could still sign the deal with these two companies, another person quoted by ET said.