Hon Hai Know-how Group, also referred to as Foxconn, not too long ago introduced a strategic partnership with France’s Thales Group, which focuses on semiconductors and house applied sciences. The settlement was revealed throughout the ‘Select France’ financial summit hosted by French President Emmanuel Macron.
The partnership includes two memoranda of understanding (MoUs). The primary goal is to ascertain an outsourced semiconductor meeting and check (OSAT) facility in Europe, with an funding exceeding €250 million.
Foxconn is in preliminary talks with Thales and French connector maker Radiall about growing the power. It goals to make use of fan-out wafer-level packaging (FOWLP) to serve aerospace, automotive, house telecoms, and defence markets.
The second MoU considerations satellite tv for pc constellation manufacturing. It combines Foxconn’s manufacturing experience with Thales Alenia Area’s—a three way partnership between Thales (67%) and Leonardo (33%)—satellite tv for pc know-how to discover high-volume satellite tv for pc manufacturing for telecommunications initiatives in low-Earth orbit.
Foxconn, which launched its personal low Earth orbit PEARL CubeSat in 2023, seeks to broaden its presence within the house sector and strengthen provide chain resilience by this partnership. The initiative additionally goals to draw European industrial buyers to assist the undertaking.
As for India, the corporate not too long ago introduced a three way partnership with HCL to ascertain India’s sixth semiconductor manufacturing unit in Uttar Pradesh. The plant is to be positioned close to Jewar airport within the Yamuna Expressway Industrial Improvement Authority (YEIDA) space. The enterprise will even appeal to an funding of ₹3,700 crore.
Foxconn is thought globally for its electronics manufacturing. The 2 corporations had additionally partnered in January 2024, marking Foxconn’s first step into establishing OSAT operations in India. The corporate had dedicated to investing considerably within the nation to strengthen its home manufacturing capabilities, serving shoppers like Apple and Xiaomi.
Across the identical time, Foxconn expressed its eagerness to collaborate with HCL to ascertain OSAT operations in India, particularly in Bengaluru.
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