Foxconn and HCL collaborate to establish semiconductor OSAT in India

22 Jan 2024 CW Team

Taiwan's Foxconn Technology Group and India's HCL Group announced on Wednesday that they would collaborate to establish a semiconductor outsourced assembly and testing (OSAT) unit. In the proposed joint venture (JV), Foxconn is set to hold 40% equity, investing $37.2 million. Both companies confirmed the partnership individually.

An HCL Group spokesperson responded to inquiries, stating, "HCL Group intends to collaborate with Foxconn Group for the establishment of OSAT operations in India. Leveraging HCL Group's robust engineering and manufacturing background, this opportunity aligns strategically with the Group's portfolio."

A spokesperson from Foxconn expressed, "Foxconn is eager to work together with HCL in establishing OSAT operations in India. Through this investment, the partners aim to develop an ecosystem and enhance supply chain resilience for the domestic industry. Foxconn will implement its BOL, or build-operate-localise, model to support local communities."

Foxconn Hon Hai Technology India Mega Development, a subsidiary of Foxconn Technology Group, that the JV is outlined in a non-binding memorandum of understanding, with subsequent negotiations to follow.

Infrastructure Urban

02 Jun 2026

Table Space Strengthens DESYN Leadership Team

Table Space has announced strategic leadership appointments within DESYN, its integrated Design and Build business, as it looks to strengthen operations across key enterprise and GCC markets in India. DESYN was launched as a strategic extension of Table Space’s workspace solutions portfolio to meet rising demand for agile, high-quality and rapidly deployable enterprise workspaces.Shruti Ookabhoy has joined DESYN as Executive Director and will lead the Design vertical, focusing on design capability, operational excellence and team development across markets. She brings over 22 years of experi..

Concord Associate Bags Rs 2.79 Bn Kavach Order

Concord Control Systems said its associate company, Progota India, has received a Rs 2.79 bn domestic order from Indian Railways for the supply, installation, testing and commissioning of on-board Kavach 4.0 loco equipment.The order is scheduled for execution within 12 months and strengthens Concord’s role in India’s railway safety and signalling ecosystem. Kavach is India’s indigenous automatic train protection system, designed to improve operational safety by helping prevent signal passing at danger and reducing collision risks.Gaurav Lath, Joint Managing Director, Concord Control Syst..

Dhoot Partners RideVision For ADAS Solutions

Dhoot Transmission has partnered with Israel-based RideVision to introduce Advanced Driver Assistance Systems (ADAS) solutions in India, marking its entry into intelligent mobility and automotive safety technologies.The collaboration will bring globally proven ADAS technologies to India, customised for local road conditions and mobility needs. It will strengthen Dhoot Transmission’s existing electronics portfolio and support its long-term focus on next-generation automotive electronics.Naveen Kumar, CEO – India, Wiring Harness and Electronics, Dhoot Transmission, said the partnership combi..