Foxconn & HCL to establish semiconductor assembly and testing unit in India
11 months ago

Foxconn & HCL to establish semiconductor assembly and testing unit in India

Op India  

Taiwan’s Foxconn, also known as Hon Hai Precision Industry, has joined forces with India’s HCL Group to establish an Outsourced Assembly and Testing unit for semiconductor chips. Foxconn, through its subsidiary Foxconn Hon Hai Technology India Mega Development Private Limited, is set to invest $37.2 million, securing a substantial 40% stake in the joint venture, as revealed in a regulatory filing to the Taiwanese stock exchanges. The proposal is currently under consideration by the India Semiconductor Mission, and industry insiders note the significance of HCL’s expertise in semiconductor design and testing software. Foxconn and Vedanta mutually parted ways Earlier, on 10th July 2023, Foxconn stated that it had terminated its USD 19.5 billion joint venture deal with mining baron Anil Agarwal’s Vedanta Ltd.

India Semiconductor Group Foxconn Hcl Testing Unit Hcl Group  semiconductor  foxconn  million  india  establish  group  manufacturing  venture  testing  unit  hcl  osat  assembly

History of this topic

Foxconn, HCL announce JV to set up semiconductor OSAT in India
11 months, 1 week ago

Foxconn, HCL announce JV to set up semiconductor OSAT in India

Live Mint  

Taiwan’s Foxconn Technology Group and India’s HCL Group will form a joint venture to set up a semiconductor outsourced assembly and testing unit, where Foxconn will hold 40% equity with an investment of $37.2 million, the companies individually confirmed on Wednesday. “HCL Group plans to partner with Foxconn Group to establish OSAT operations in India. The partnership announcement comes a …

Gujarat in talks with chipmakers in Japan, US, South Korea as PM Modi eyes chipmaking hub
11 months, 2 weeks ago

Gujarat in talks with chipmakers in Japan, US, South Korea as PM Modi eyes chipmaking hub

Firstpost  

With an aim to become a chipmaker for the world, the Gujarat government is in talks with chipmakers in Japan, South Korea and the United States for potential investments in the state. Gujarat has also held talks with Foxconn over a semiconductor plant, and U.S. memory chip firm Micron Technology Inc is also building a chip assembly and testing facility …

Smartphone manufacturing: How 'Make in India' is marking a difference
1 year, 1 month ago

Smartphone manufacturing: How 'Make in India' is marking a difference

Firstpost  

The decisions by the likes of Apple, Foxconn and Micron to either expand or establish their India presence could not have come at a better time As India is looking to become the third largest economy in the world in the coming years, cutting-edge technologies across 5G/6G, satellite communication and semiconductors will contribute towards this growth. More than 90 per …

Foxconn’s gift to PM Modi: iPhone maker promises to hire thousands as it looks to expand in India
1 year, 3 months ago

Foxconn’s gift to PM Modi: iPhone maker promises to hire thousands as it looks to expand in India

Firstpost  

Foxconn has hinted that it plans to expand rapidly in India and will create tens of thousands of jobs by next year. Lee expressed Foxconn’s strong commitment to doubling its workforce, increasing foreign direct investment, and expanding its overall business operations in India within the next year. We will redouble our efforts to offer you an even greater birthday gift …

Foxconn backs India’s role in electronics manufacturing
1 year, 3 months ago

Foxconn backs India’s role in electronics manufacturing

Live Mint  

NEW DELHI : Foxconn Technology Group chairman Young Liu has backed India as an important country for the future of manufacturing, saying that the opportunities for the development of electronics manufacturing and industrial chains were huge. I don’t think it’s perfect to speculate from history, but we feel that development of the entire ecosystem and industrial chain, and the opportunities …

Foxconn seeks to work with STMicro to build India chip plant
1 year, 3 months ago

Foxconn seeks to work with STMicro to build India chip plant

Live Mint  

Foxconn Technology Group is teaming up with STMicroelectronics NV for a bid to build a semiconductor factory in India, seeking state backing to broaden its footprint in the South Asian country. Taiwan’s Foxconn and Franco-Italian STMicro are applying for state support for a 40-nanometer chip plant, people familiar with the matter said, asking not to be identified as the plan …

Foxconn teams up with STMicro for semiconductor plant in India: Report
1 year, 3 months ago

Foxconn teams up with STMicro for semiconductor plant in India: Report

India Today  

Foxconn Technology Group is collaborating with STMicroelectronics NV to submit a joint bid for constructing a semiconductor manufacturing plant in India, with the aim of securing state support for this endeavor, reported Bloomberg News. It may be noted that setting up semiconductor manufacturing plants is a formidable task, as these facilities entail substantial investments, often reaching billions of dollars, and …

Foxconn, Micron, AMD among top chip makers to participate in Semicon India event in Gujarat on July 28
1 year, 4 months ago

Foxconn, Micron, AMD among top chip makers to participate in Semicon India event in Gujarat on July 28

Live Mint  

Top chipmakers including Foxconn, AMD, Micron and IBM will attend the Semicon India conference in Gandhinagar, Gujarat. "The event promises to be a catalyst for the semiconductor industry's progress through invaluable networking, technology demonstrations, and lucrative business prospects,", a release by the Gujarat government on the Semicon India event read. Speakers for the three-day Semicon India event include Foxconn Chairman …

Foxconn plans India semiconductor unit without Vedanta, seeks ‘diverse’ stakeholders
1 year, 5 months ago

Foxconn plans India semiconductor unit without Vedanta, seeks ‘diverse’ stakeholders

Hindustan Times  

Foxconn is planning to apply separately to build a semiconductor manufacturing plant in India, the Taiwanese tech giant said on Tuesday, a day after withdrawing from a semiconductor joint venture with India's Vedanta Limited. FILE PHOTO: The logo of Foxconn is seen outside the company's building in Taipei, Taiwan, “Foxconn is working towards submitting an application related to Modified Programme …

Foxconn dumps $19.5bn Vedanta chip plan in blow to India
1 year, 5 months ago

Foxconn dumps $19.5bn Vedanta chip plan in blow to India

Al Jazeera  

India has made chipmaking a top priority for its economic strategy, and this pullout is a blow to efforts to get investors. Taiwan’s Foxconn has withdrawn from a $19.5bn semiconductor joint venture with Indian metals-to-oil conglomerate Vedanta, it said, a setback to Prime Minister Narendra Modi’s chipmaking plans for India. Modi has made chipmaking a top priority for India’s economic …

Foxconn dumps $19.5 billion Vedanta chip plan in blow to India
1 year, 5 months ago

Foxconn dumps $19.5 billion Vedanta chip plan in blow to India

India Today  

Taiwan's Foxconn said on Monday it has withdrawn from a $19.5 billion semiconductor joint venture with Indian metals-to-oil conglomerate Vedanta, in a setback to Prime Minister Narendra Modi's chipmaking plans for India. Foxconn, the world's largest contract electronics maker, and Vedanta signed a pact last year to set up semiconductor and display production plants in Gujarat. "Foxconn has determined it …

'India just getting started': Minister as Foxconn dumps $19.5 billion chip plan
1 year, 5 months ago

'India just getting started': Minister as Foxconn dumps $19.5 billion chip plan

India Today  

Taiwan’s Foxconn’s decision to withdraw from a $19.5 billion semiconductor joint venture with Indian conglomerate Vedanta “has no impact on India's Semiconductor Fab goals”, the government said today, adding that it was “a bad idea to bet against India under PM Modi”. Foxconn, the world's largest contract electronics maker, and Vedanta had signed a deal last year to build semiconductor …

Micron Investment Fuels Modi Govt's Semiconductor Ambition. What Are The Obstacles Ahead
1 year, 5 months ago

Micron Investment Fuels Modi Govt's Semiconductor Ambition. What Are The Obstacles Ahead

ABP News  

New Delhi: Micron Technology's announcement regarding the establishment of a cutting-edge semiconductor assembly, testing, and packaging plant in Sanand, Gujarat, has reignited fresh hope for India's aspirations to become a global semiconductor supply chain hub. "Semiconductor manufacturing involves various stages and each of these stages may involve a completely different category of vendor," says Kanishka Chauhan, Senior Principal Analyst at …

Centre clears $2.7 billion Micron chip testing plant; unit expected to create 5,000 jobs
1 year, 6 months ago

Centre clears $2.7 billion Micron chip testing plant; unit expected to create 5,000 jobs

Firstpost  

The central government has approved US-based chip maker Micron’s project to set up a semiconductor test and packaging unit worth USD 2.7 billion in the country, sources told PTI. The government agreed to production-linked incentives worth 110 billion rupees for the plant, which is set to be built in PM Modi’s home state of Gujarat, Reuters reported quoting an official. …

Cabinet approves Micron’s $2.7bn semiconductor packaging plant
1 year, 6 months ago

Cabinet approves Micron’s $2.7bn semiconductor packaging plant

Live Mint  

The Indian cabinet has given its approval to US chipmaker Micron Technology's plan to invest $2.7 billion to set up a semiconductor testing and packaging unit in Gujarat, Reuters reported on Tuesday. Micron's Assembly Testing Marking and Packaging will be built in Sanand, the report added citing source. The report said Micron Technology's plans come as the White House presses …

Foxconn and Stellantis form joint venture to develop high-end automotive chips
1 year, 6 months ago

Foxconn and Stellantis form joint venture to develop high-end automotive chips

Hindustan Times  

Taiwan's tech giant Foxconn and US-European carmaker Stellantis announced Tuesday that they have set up a joint venture to design and sell high-end automotive chips. Tech companies, including Foxconn, have increasingly looked to shift manufacturing away from China after strict Covid policies, a bout of industrial unrest and ongoing diplomatic tensions with the United States hurt production. Stellantis, the world's …

Apple supplier Foxconn is on the hunt for semiconductor and EV deals in India
1 year, 9 months ago

Apple supplier Foxconn is on the hunt for semiconductor and EV deals in India

CNN  

Hong Kong CNN — Apple supplier Foxconn says it is seeking Indian partners to cooperate in areas such as chips and electric vehicles, as its chief executive wrapped up a visit to the country. Taiwan’s Foxconn has been looking to expand its operations in the South Asian giant after suffering severe supply disruptions in China last year. “My trip this …

Foxconn plans new India iPhone plant in shift away from China
1 year, 9 months ago

Foxconn plans new India iPhone plant in shift away from China

The Hindu  

Apple will manufacture iPhones at a new plant in India, officials said Friday, as the U.S. tech giant seeks to ramp up its India production and diversify away from China. The flagship mobile's global supply chain is based mainly in China, where strict Covid policies last year and ongoing diplomatic tensions with the United States have hurt production. Foxconn, the …

Chips down on India: From Foxconn to TSMC, semiconductor giants are betting big on India
1 year, 10 months ago

Chips down on India: From Foxconn to TSMC, semiconductor giants are betting big on India

Firstpost  

Foxconn and Vedanta are already setting up their semiconductor fabricating plant in India and will invest $19.5 billion. However, other chip giants like TSMC, PSMC, Renesas Electronics, Intel and AMD are also looking for ways to set up factories in India. Ever since news N Chandrasekaran - chairman of the Tata group, announced that Tata Electronics will set up an …

Apple supplier Foxconn plans to quadruple workforce at India plant: Report
2 years, 1 month ago

Apple supplier Foxconn plans to quadruple workforce at India plant: Report

Live Mint  

Apple supplier Foxconn plans to quadruple the workforce at its iPhone factory in India over two years, two government officials with knowledge of the matter said, pointing to a production adjustment as it faces disruptions in China. While the size of the plant in India's southern state of Tamil Nadu is dwarfed by Foxconn's Zhengzhou plant, which employs 200,000 workers, …

Modi govt woos Intel, TSMC to set up semiconductor plants in India
2 years, 7 months ago

Modi govt woos Intel, TSMC to set up semiconductor plants in India

Live Mint  

India is in talks with global chipmakers Intel Corp., GlobalFoundries Inc. and Taiwan Semiconductor Manufacturing Co. about setting up local operations, part of efforts to center more high-tech manufacturing in the country. India Gets $20.5 Billion in Investment Proposals for Chip Production In India, a venture between billionaire Anil Agarwal’s Vedanta Group and Foxconn Technology Group has shown interest in …

The curious case of Vedanta’s Foxconn tie-up to make chips
2 years, 10 months ago

The curious case of Vedanta’s Foxconn tie-up to make chips

Live Mint  

This week’s announcement that India’s Vedanta Group has tied up with Taiwan’s Foxconn Technology Group to make chips is being lauded as proof that New Delhi is gaining traction with its plans to build a semiconductor industry. India’s government is offering almost $7 billion of enticements to boost its electronics manufacturing sector, which includes a Production Linked Incentive scheme, and …

Tata group to set up ₹5000 crore phone component making unit in TN: Report
4 years, 1 month ago

Tata group to set up ₹5000 crore phone component making unit in TN: Report

Live Mint  

MUMBAI: The Tata group is investing ₹5,000 crore to set up a phone component manufacturing plant in Tamil Nadu, according to a report by The Hindu BusinessLine. The paper said Tata Sons company, Tata Electronics, has been allotted 500 acres by TIDCO and that group firm Titan Co Ltd’s precision engineering division, Titan Engineering and Automation Ltd, will provide the …

Foxconn to invest $1 billion in India as Apple to shift factories from China
4 years, 5 months ago

Foxconn to invest $1 billion in India as Apple to shift factories from China

Op India  

Taiwanese electronics manufacturer Foxconn is set to invest up to $1 billion at the Sriperumbudur plant in Tamil Nadu state, reported Reuters. Boost to ‘Makes in India’ initiative According to a Hong-Kong based tech researcher, India’s cheap labour, coupled with the expansion of a supplier base would help Apple use the country for exports. Besides, the expansion of Apple in …

Discover Related