US’ GlobalFoundries Scouts for Partners in India to Set Up Chip Fabrication Unit – The Economic Times

ET had earlier reported that the Vedanta-Foxconn joint venture had inked a memorandum of understanding with GF and European chipmaker STMicroelectronics for the technology to fabricate semiconductor chips. Sources had then told ET that the Indian government had also suggested both GD and STMicro take an equity stake in the partnership they were planning with the Vedanta Foxconn combine.