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On partnering Taiwan's Foxconn for chip packaging and testing facility, Malhotra tells Moneycontrol it is early days and the location is yet to be chosen
The MoU, signed on November 21, 2023, intends to strengthen cooperation between India and European Union (EU) towards enhancement of semiconductor technology for the advancement of Industries and digital technologies, according to an official statement.
HCL has certain DNA and understands the chip ecosystem, said HCLTech's Roshni Nadar
Apple supplier Foxconn and HCL Group have announced a partnership to establish a semiconductor assembly and testing facility in India. The joint venture aims to build an ecosystem and foster supply chain resilience for the domestic industry. Read more about the collaboration here.
Micron made the semiconductor investment announcement in Jun 2023 and actual construction started in September 2023. "It's how many days? 90 days, it's a record for anywhere else in the world," the minister said.