Foxconn signs $37 million chip deal in India

Stefan Mileschin · 18th January 2024, 14:21

New chip packaging and testing business

Foxconn is teaming up with Indian software and engineering firm HCL Group to set up a chip packaging and testing business in India in a deal worth $37.2 million.

The move, revealed in a legal document with Taiwan's stock market, comes six months after Foxconn — also known as Hon Hai Precision — ditched a planned chip making joint venture with Indian firm Vedanta Group.

Under the terms of the deal, Foxconn’s Hon Hai Technology India Mega Development unit will get a 40 per cent share in a joint chip packaging and testing business — known as OSAT — with HCL Group.

https://fudzilla.com/news/58287-foxc...-deal-in-india

18th January 2024, 14:21	#1
Stefan Mileschin [M] Reviewer Join Date: May 2010 Location: Romania Posts: 148,769	Foxconn signs $37 million chip deal in India New chip packaging and testing business Foxconn is teaming up with Indian software and engineering firm HCL Group to set up a chip packaging and testing business in India in a deal worth $37.2 million. The move, revealed in a legal document with Taiwan's stock market, comes six months after Foxconn — also known as Hon Hai Precision — ditched a planned chip making joint venture with Indian firm Vedanta Group. Under the terms of the deal, Foxconn’s Hon Hai Technology India Mega Development unit will get a 40 per cent share in a joint chip packaging and testing business — known as OSAT — with HCL Group. https://fudzilla.com/news/58287-foxc...-deal-in-india

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