India, Oct. 15 -- L&T Semiconductor Technologies yesterday reportedly signed a long-term pact with contract manufacturer Foxconn's subsidiary Hon Young Semiconductor to jointly develop high-voltage semiconductor wafers.

As per Economic Times, the two companies will develop wafers, with voltage ratings in the range of 650V to 3,300V, for automotive and industrial applications. As per the report, the duo will also "collaborate" to ensure "wafer performance, quality, and scalability".

"The partnership leverages HYS's deep expertise in wafer fabrication alongside LTSCT's integration know-how and domain understanding of automotive and industrial power solutions," the company reportedly said in a statement.

Alongside, the partnership will al...