Key Points
The collaboration involves the creation of an outsourced assembly and testing (OSAT) unit within the country..
OSAT units play a crucial role in the semiconductor manufacturing process by packaging, assembling, and testing silicon wafers, ultimately transforming them into fully functional semiconductor chips...
Taiwanese contract electronics manufacturing giant Foxconn is joining forces with HCL Group to establish a semiconductor assembly and testing facility in India, marking a significant move in the global tech industry..
However, Foxconn's current collaboration with HCL Group signifies a renewed effort to establish a foothold in the rapidly growing Indian semiconductor market..
The move also aligns with India's aspirations to become a significant player in semiconductor manufacturing and technology development on the global stage...
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