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Foxconn teams up with HCL Group to start chip packaging in India
Economic Times
·
1y ago
Medial
Foxconn and HCL Group are joining forces to establish an outsourced assembly and testing unit (OSAT) for semiconductor chips in India. Foxconn will hold a 40% stake in the partnership and invest around $37.2 million, while HCL will hold the remaining stake. This move aligns with HCL Group's plans to venture into chip assembly, leveraging its strong engineering and manufacturing background. An OSAT unit provides third-party chip packaging and testing services to semiconductor fabrication units.
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Foxconn Chairman Young Liu receives Padma Bhushan; to visit India this year
Economic Times
·
1y ago
Medial
Foxconn Chairman Young Liu, awarded the Padma Bhushan, expressed his intention to visit India this year. This comes amid ongoing allegations of discrimination at Foxconn's factories in Sriperumbudur. The award highlights the government's recognition of Foxconn's presence and growth in India. The company is expanding its iPhone production facility, setting up a chip plant in a joint venture with HCL Group, and contemplating AI server manufacturing. Additionally, reports suggest Foxconn will work on Google Pixel phones in India.
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Foxconn plans to invest ₹424 crore in semiconductor JV with HCL | Mint
Livemint
·
9m ago
Medial
- Foxconn plans to invest up to ₹424 crore in a semiconductor joint venture (JV) with HCL Group. - The iPhone manufacturer purchased a 40% stake in the JV for nearly ₹312 crore. - The investment will be used for the Foxconn-HCL OSAT plant to be set up in India. - Foxconn has invested ₹246 crore in the JV through its subsidiary Big Innovation Holdings. - The company has invested more than $1.4 billion in India and employs over 48,000 people in the country. - Foxconn is manufacturing Apple iPhones in India and has plans to set up an EV and battery plant in the country.
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Tower's plan for first Indian chip foundry likely to get nod today
Economic Times
·
1y ago
Medial
The Indian Cabinet is expected to approve incentives for Israeli semiconductor company Tower's proposal to establish a chip fabrication unit in India. This marks the country's first pure-play chip foundry project, estimated at $9-10 billion. The government will subsidize 50% of the investment under the Indian Semiconductor Mission, with additional subsidies from states. Proposals for outsourced assembly and testing (OSAT) units by HCL Group-Foxconn Group and the Tata group are also likely to be approved. The investments aim to bolster India's semiconductor manufacturing and fabrication ecosystem.
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Foxconn to partner with India's HCL Group for chip testing plant
Reuters
·
1y ago
Medial
Taiwan's Foxconn will collaborate with HCL Group to establish a semiconductor assembly and testing facility in India. The outsourced assembly and testing (OSAT) unit will aid in packaging, assembling, and testing foundry-made silicon wafers to produce finished semiconductor chips. Foxconn's Indian unit will hold a 40% stake in the joint venture, with an investment of $37.2 million. The companies aim to bolster the domestic industry's supply chain and resilience through this partnership. The location of the project has not been disclosed.
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India Reviews $21 Bn Proposals To Fast Track Chip Manufacturing Market
Inc42
·
1y ago
Medial
Tower Semiconductor from Israel and Tata Group from India have proposed large-scale chip manufacturing projects in the state of Gujarat, with a combined investment of $17 billion. Tower Semiconductor plans to scale up its plant to eventually produce 80,000 silicon wafers per month, while Tata Group intends to construct a chip fabrication unit and a chip-packaging plant. These proposals are part of the Indian government's efforts to boost chip manufacturing within the country, which is projected to reach a market value of $55 billion by 2026.
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Government set to clear next set of chip proposals under Semicon Mission
Economic Times
·
4m ago
Medial
The Indian government is finalizing the approval of new semiconductor project proposals under the India Semiconductor Mission. Projects from notable groups, including an HCL-Foxconn joint venture and the Hiranandani group's Tarq Semiconductors, are set to receive remaining funds from the Rs 76,000 crore initial outlay. Future phases are planned as current funds deplete. India aims to boost its semiconductor manufacturing capabilities, with ongoing projects attracting significant investments and potentially large-scale chip production.
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Foxconn-HCL chip JV may assemble in UP
Economic Times
·
10m ago
Medial
Taiwan's Foxconn and HCL Group's joint venture has been allocated 30 acres of land near the upcoming Jewar airport in Noida, Uttar Pradesh. The venture aims to set up a semiconductor outsourced assembly and testing (OSAT) unit, which would be the first of its kind in the state. With an investment of $37.2 million, Foxconn holds a 40% equity stake in the project. If approved by the central government, the unit will benefit from HCL's strong presence and familiarity with the region. Meanwhile, the Tata Group is also planning to establish an OSAT facility in Assam.
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'Semiconductor packaging unit in Assam’
Livemint
·
1y ago
Medial
Assam is set to have a ₹25,000 crore semiconductor packaging plant in collaboration with the Assam government and Tata Group. The government aims to attract semiconductor fabrication and packaging units through a ₹76,000 crore financial assistance scheme. US-based Micron Technology has already initiated setting up a packaging unit in Gujarat. The Indian government has received four proposals for semiconductor manufacturing plants and 13 proposals for chip assembly units. The development aligns with the government's focus on equipping young Indians with skills in areas like AI, cybersecurity, and semiconductors through initiatives like futureSKILLS.
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Foxconn working on plans to set up battery energy storage system unit in India
YourStory
·
11m ago
Medial
Taiwan's Foxconn is planning to establish a battery energy storage system (BESS) unit in India. The company aims to expand its battery manufacturing business, with a focus on the electric vehicle (EV) segment. Foxconn has already set up its first BESS unit in Taiwan, with mass production expected to start this year. It is also in discussions to establish a BESS factory in Indonesia. The BESS unit in India will complement Foxconn's plans to manufacture EVs in the country, which will begin production "very soon". Foxconn has already invested over $1.4bn in India and employs over 48,000 people.
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Centre to expand semiconductor scheme, looks to get raw material suppliers: ISM chief
Economic Times
·
10m ago
Medial
The Indian government plans to expand its semiconductor chip fabrication and packaging scheme under the second phase of the India Semiconductor Mission. Around 20 proposals have been made by semiconductor chip fabrication units, display fabrication companies, raw material suppliers, and chip packaging companies. The goal is to attract more investment in the sector, promote the growth of the semiconductor industry, and strengthen the ecosystem by bringing in other companies such as raw material suppliers and gas companies. Currently, a proposal by Tower Semiconductor to set up a chip fabrication unit is under consideration.
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