India, June 3 -- Tata Electronics is reportedly in talks with global semiconductor players X-Fab, DNeX and Globetronics to acquire fabrication or outsourced semiconductor assembly and test (OSAT) facility in Malaysia.

An ET report said that Tata Semiconductor Manufacturing's recently appointed president and head KC Ang will be leading the deal.

For the uninitiated, Tata Semiconductor Manufacturing is the semiconductor foundry business of Tata Electronics.

"Globetronics and DNeX's SilTerra facility are among the front runners to be acquired by Tata Electronics," one of the sources told ET.

Inc42 has reached out to Tata Electronics for comments on the development. The story will be updated based on the response.

The acquisition is aime...