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Foxconn and HCL finalize name for semiconductor back-end joint venture in India
Friday, January 16, 2026 at 10:40 AM
Foxconn and HCL Group have finalized the name for their joint venture focused on outsourced semiconductor assembly and testing (OSAT) in India, following their previously announced partnership to establish local back-end manufacturing capabilities.
Context
Foxconn and HCL Group have officially finalized the name of their joint venture as HCL Foxconn Semiconductors Limited, marking a major milestone in India’s semiconductor assembly and testing (OSAT) landscape. This partnership involves an initial investment of approximately $37.2 million from Foxconn, which holds a 40% equity stake in the venture. The project is a core component of Foxconn’s strategy to diversify its manufacturing footprint beyond China and deepen its presence in the Indian electronics ecosystem.
The joint venture aims to establish a world-class back-end manufacturing facility, which is critical for the final stages of semiconductor production. By leveraging HCL Group’s local operational expertise and Foxconn’s global supply chain dominance, the entity is positioned to tap into the growing demand for automotive and consumer electronics chips. This move signals a significant shift toward localized high-tech manufacturing in India, providing investors with a clear indicator of Foxconn’s long-term commitment to the region’s emerging semiconductor sector.
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