India Approves Foxconn-HCL Semiconductor Joint Venture with US$433M Investment

Published: May 15, 2025 15:58

Save

[India Approves Foxconn Semiconductor Joint Venture]

According to Nikkei, the Indian government approved on Wednesday a joint venture between Foxconn and local tech company HCL to establish a facility in India. The Indian government will invest US$433 million to build a plant capable of producing 20,000 wafers per month. This move aligns with the strategy of the government led by Indian Prime Minister Modi to establish India as a manufacturing hub for electronic products.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

14 hours ago

Data: SHFE, DCE market movement (Jun 15)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 15 Jun , 2026

14 hours ago

19 hours ago

Geopolitical agreement final signing date set, the most-traded SHFE tin contract returned above 420,000 [SMM Tin Midday Review]

[SMM Tin Midday Review: Final Signing Date of Geopolitical Agreement Set, The Most-Traded SHFE Tin Contract Returns Above 420,000]

19 hours ago

22 hours ago

SHFE tin swung wildly between 394,000 and 411,000 yuan/mt throughout the week. Amid the supply-demand stalemate, it is expected to continue consolidating at highs [SMM Tin Morning Meeting Summary]

[SMM Morning Meeting Minutes: SHFE tin swung wildly throughout the week at 394,000-411,000 yuan/mt; amid a supply-demand stalemate, it is expected to continue consolidating at highs.]

22 hours ago