Tag: vedanta resources

Foxconn Technology is teaming up with STMicroelectronics in a bid to build a semiconductor factory in India.Taiwan's Foxconn and Franco-Italian STMicro are applying for state support for a 40-nanometer chip plant, people familiar with the matter said. Such mature chips are used in cars, cameras, printers and a wide variety of other machines.The move comes after Foxconn's attempted partnership with billionaire Anil Agarwal's Vedanta Resources fell apart following a year of little progress. By partnering with STMicro, Foxconn is tapping the expertise of a chip-industry pioneer to expand...