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

Published: May 15, 2025 15:58 (GMT+8)

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

15 hours ago

Data: SHFE, DCE market movement (Oct 12)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 12 Oct , 2026

15 hours ago

19 hours ago

[SMM Tin Midday Review] Macro Pressure Eases at the Margin; SHFE Tin Rebounds but Encounters Resistance Above

[SMM Tin Midday Review: Macro Pressure Eases at the Margin, SHFE Tin Rebounds but Encounters Resistance Above]

19 hours ago

20 hours ago

[ASML to Raise Parts Prices in South Korea by 10%]

According to South Korean media reports, ASML, the world's largest semiconductor equipment manufacturer, will uniformly raise the prices of replacement parts supplied in South Korea by 10%. The new prices will take effect from January next year, and the price increase covers all parts for EUV and DUV lithography machines. Industry insiders revealed that early last month, ASML headquarters had already notified Samsung Electronics and SK Hynix of the price increase intention through its South Korean subsidiary. The price hike was finalized after negotiations with the procurement departments of the two companies.

20 hours ago