# Vedanta-Foxconn joint venture talks with STMicroelectronics hit snag

Discussions between the Vedanta-Foxconn semiconductor consortium and STMicroelectronics for the latter to join as a technology partner in a proposed fab joint venture have stalled due to disagreements on technology transfer scope, partnership duration, and investment amounts.

- Type: Partnership
- Announced: 2023-04-13
- Where: New Delhi, India, India
- Status: announced
- Products: semiconductor chips
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Vedanta](https://endata.com/companies/10003.md) (partner)
- [Foxconn](https://endata.com/companies/15170.md) (partner)
- [STMicroelectronics](https://endata.com/companies/21952.md) (partner)

## Sources

- [telecom.economictimes.indiatimes.com](https://telecom.economictimes.indiatimes.com/news/devices/vedanta-foxconns-fab-joint-venture-talks-with-stmicro-hit-a-bump/99449084), 2023-04-13: "STMicroelectronics wants to limit the scope of the technology transfer as well as have a sunset clause regarding the duration of the joint venture."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.