Apple supplier Foxconn and HCL Group will partner to establish a semiconductor assembly and testing facility in India. Foxconn’s India unit will own a 40% stake in the joint venture with a $37.2 million investment. The companies aim to build an ecosystem and foster supply chain resilience for the domestic industry. Foxconn is also planning to set up a semiconductor fabrication plant in India for local chip manufacturing, with an additional investment of $1.67 billion. In August, Foxconn announced a $600 million investment in two projects in Karnataka.
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HCL Group, Foxconn partner for chip testing plant in India
Apple supplier Foxconn and HCL Group will partner to establish a semiconductor assembly and testing facility in India. Foxconn’s India unit will own a 40% stake in the joint venture with a $37.2 million investment. The companies aim to build an ecosystem and foster supply chain resilience for the domestic industry. Foxconn is also planning to set up a semiconductor fabrication plant in India for local chip manufacturing, with an additional investment of $1.67 billion. In August, Foxconn announced a $600 million investment in two projects in Karnataka.
Disclaimer
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
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