FINWIRES · TerminalLIVE
FINWIRES

Foxconn Partners With Radiall, Thales on French Chip Packaging Venture

By

Hon Hai Precision Industry (TPE:2317), also known as Foxconn, together with Radiall and Thales, launched a semiconductor packaging joint venture, Tessalia Technology, in France, according to a statement on Monday.

The partners laid the foundation stone for the facility in Le Barp near Bordeaux during the Choose France 2026 Summit.

Tessalia will focus on outsourced semiconductor assembly and testing services, producing advanced packaging solutions for the aerospace, telecommunications, automotive, and medical sectors.

Production is expected to begin by the end of 2029.

The project could attract more than 250 million euros in investment by 2033 and employ about 800 people at full capacity, the statement said.

Related Articles

Asia

Medallion Metals' Validation of Historical Drilling at Western Australia Gold Deposit Shows High-Grade Intersections; Shares Up 5%

Medallion Metals (ASX:MM8) said the ongoing extraction and validation of previously unreleased historical drilling at the Lounge Lizard gold deposit, within the Forrestania gold project in Western Australia, resulted in high-grade intersections, according to a Wednesday Australian bourse filing.The company said 212 historical drill holes surrounding the Lounge Lizard open pit were validated and incorporated into the geological database for mineral resource estimation.It encountered intersections of 11 meters at 6.9 grams per tonne (g/t) grade of gold from 50 meters, 9 meters at 8.7 g/t grade of gold from 67 meters, 5 meters at 10.2 g/t grade of gold from 98 meters.The company's shares jumped 5% in recent Wednesday trade.

$ASX:MM8
Asia

Elanor Investors Group Appoints David McNamara as CEO

Elanor Investors Group (ASX:ENN) appointed David McNamara as chief executive, effective June 22, according to a Wednesday filing with the Australian bourse.Tony Fehon, who has served as interim managing director since September 2024, will transition away from the interim executive role over a six month period to resume his position as a non-executive director of Elanor, the company said.McNamara has more than 34 years of experience in real estate investment, funds management, asset management, and capital transactions, per the filing.

$ASX:ENN
Asia

Market Chatter: Japan Approves 3.1 Trillion Yen Extra Budget to Curb Inflation Amid Iran Crisis

Japan's cabinet approved a 3.1 trillion yen supplementary budget to protect households from Middle East-driven inflation, including a 2.5 trillion yen reserve fund to cap gasoline costs, Bloomberg News reported Wednesday.To finance the package, the government will rely on new debt while keeping total bond issuance unchanged by canceling some previously authorized borrowing from the last fiscal year, the news wire said.The extra budget, set to be submitted to parliament on Wednesday with passage expected by Friday, comes just weeks after the annual budget was approved, potentially heightening investor worries about Japan's spending trajectory, the publication said.These fiscal anxieties have rattled the bond market, where benchmark 10-year yields recently touched a three-decade high and super-long yields hit record levels amid inflation and monetary policy concerns, the report said.The package also highlights the deepening economic toll of prolonged Middle East turmoil on resource-poor Japan, which depends heavily on the region for crude oil imports used in fuel, plastics, and other petroleum-based goods, it added.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

$^N225