Key Points
Bengaluru/Taipei: Taiwans Foxconn will partner with tech firm HCL Group for a semiconductor assembly and testing facility in India, the companies said on Thursday...
An OSAT plant packages, assembles and tests foundry-made silicon wafers, turning them into finished semiconductor chips...
Foxconn said in a regulatory filing that its India unit will own a 40% stake in the joint venture with a$37.2million investment..
Foxconn is also looking to set up a semiconductor fabrication plant in India, where the government has offered $10 billion in incentives to start local chip manufacturing...
The Taiwanese firm, however, had a bumpy start to its semiconductor foray in India last year after a high-profile split with local conglomerate Vedanta on a $19.5 billion chipmaking joint venture...
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