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

27 Oct 2025

Coal Ministry Achieves Milestones under Special Campaign 5.0

The Ministry of Coal and its Public Sector Undertakings (PSUs) have achieved notable milestones under the Special Campaign 5.0, focusing on cleanliness, operational efficiency, and sustainability across the coal sector. During the implementation phase from 2–31 October 2025, over 1,205 sites were cleaned, covering 68,04,087 sq ft, nearing the target of 82,51,511 sq ft. Scrap disposal of 5,813 MT against a target of 8,678 MT generated Rs 228.7 million in revenue. In addition, 1,11,248 physical and 30,331 electronic files were reviewed, with 74,123 weeded out or closed. Key initiatives showc..

Vesting Orders Issued for Three Coal Blocks under Commercial Auctions

The Ministry of Coal’s Nominated Authority has issued vesting orders for three coal blocks under commercial coal block auctions on 23 October 2025. The Coal Mine Development and Production Agreements (CMDPAs) for these mines were earlier signed on 21 August 2025. The three blocks include Rajgamar Dipside (Deavnara), Tangardihi North, and Mahuagarhi. Of these, two are partially explored while one is fully explored, with a combined peak rated capacity of around 1 MTPA and geological reserves of approximately 1,484.41 million tonnes. These mines are expected to generate annual revenue of abou..

TEC, IIT-Hyderabad Partner to Boost 6G and Telecom Standards

The Telecommunication Engineering Centre (TEC), technical arm of the Department of Telecommunications (DoT), has signed a Memorandum of Understanding (MoU) with the Indian Institute of Technology Hyderabad (IIT Hyderabad) for joint research and technical collaboration in advanced telecom technologies and standardisation. The partnership focuses on developing India-specific standards and test frameworks for next-generation networks, including 6G, Artificial Intelligence (AI), and Non-Terrestrial Networks (NTNs). It also aims to enhance India’s participation in international standardisation f..