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

26 Aug 2025

Jupiter Opens First EV Showroom in Hyderabad

Jupiter Electric Mobility Pvt Ltd (JEM), the electric commercial vehicle arm of Jupiter Wagons Ltd, has inaugurated its first showroom in New Bowenpally, Secunderabad, Hyderabad. The launch also marks the introduction of its 1.05-tonne four-wheeler electric light commercial vehicle (eLCV), JEM TEZ, to Telangana’s growing logistics and intra-city freight market. This expansion underscores JEM’s commitment to delivering purpose-built sustainable mobility solutions and accelerating the electrification of India’s logistics sector.The new showroom, operated by Arven Motors Pvt Ltd, offers cus..

Premier Energies Launches 620W DCR Solar Modules in India

Premier Energies Limited, one of India’s largest integrated solar manufacturers, has launched its next-generation 620W DCR solar modules using G12R TOPCon technology, now among the most powerful large-format panels available in the country.The new modules, built with Tunnel Oxide Passivated Contact (TOPCon) architecture, deliver superior power density, improved temperature coefficients, and enhanced low-light performance. The rectangular G12R N-type cell design enables higher string power and balance-of-system optimisation, making the panels suitable for utility-scale projects as well as com..

ONGC Starts Gas Sales from Rajasthan Chinnewala Tibba Block

Oil and Natural Gas Corporation Limited (ONGC) has commenced natural gas sales from the Discovered Small Field (DSF-II) Block RJ/ONDSF/Chinnewala/2018, marking the successful monetisation of the Chinnewala Tibba field in the Rajasthan Kutch Onland Exploratory Asset (RKOEA). Gas sales officially began on 25 August 2025.This development highlights ONGC’s commitment to boosting domestic energy production and strengthening India’s energy security under the guidance of the Ministry of Petroleum and Natural Gas. Located in western Rajasthan, close to the Indo-Pakistan border, the Chinnewala Tibb..