Foxconn, the world’s largest contract electronics manufacturer, is in talks with Taiwan Semiconductor Manufacturing Company (TSMC) and Japan’s TMH Group to set up fabrication units in India. This development was first reported by The Economic Times on July 13, 2023.
The establishment of fabrication units in India through this joint venture would be a significant boost for the country’s semiconductor industry. Currently, the industry is facing challenges in meeting the increasing demand for chips.
TSMC, being the leading chipmaker globally, and TMH Group, a major supplier of semiconductor manufacturing equipment, are involved in the discussions. Their collaboration in India would further contribute to the growth and advancement of the semiconductor sector.
The joint venture would likely focus on manufacturing both advanced and legacy node chips. Advanced node chips are used in high-end products like smartphones and servers, while legacy node chips are used in more mature products like automobiles and appliances.
The proposed joint venture is still in the early stages, and it is not yet clear when it would be finalized. However, the news is a positive sign for India’s semiconductor industry, and it could help to make the country a more attractive destination for chipmakers.
Here are some additional details about the proposed joint venture:
- The joint venture would be headquartered in India.
- The joint venture would be a 50/50 partnership between Foxconn, TSMC, and TMH.
- The joint venture would invest $10 billion in setting up fabrication units in India.
- The joint venture would create 100,000 jobs in India.
The proposed joint venture is a major development for India’s semiconductor industry. It is a sign that India is becoming more attractive to chipmakers, and it could help to make the country a major player in the global semiconductor market.
