India, March 24 -- Taiwanese chipmaker Foxconn and HCL Group are potentially seeking an engineering, procurement and construction (EPC) partner for their joint semiconductor facility to be set up in Uttar Pradesh.

The Foxconn-HCL joint venture (JV) has initiated talks with Larsen & Toubro (L&T) and Taiwanese construction engineering company CTCI for its upcoming outsourced semiconductor assembly and testing (OSAT) facility, ET reported, citing sources.

Foxconn plans to invest INR 424 Cr in its semiconductor JV with HCL Group. The former purchased a 40% stake in the JV for INR 312 Cr last October.

The preliminary discussions were reportedly held in Gujarat when Bob Chen, the president of Foxconn's semiconductor group, was visiting India...