# Foxconn and HCL Group form JV for semiconductor OSAT in India

Foxconn Technology Group and HCL Group have announced a joint venture to set up a semiconductor outsourced assembly and testing (OSAT) unit in India. Foxconn will hold 40% equity with an investment of $37.2 million.

- Type: Partnership
- Announced: 2024-01-17
- Where: India
- Value: $37.2M
- Status: announced
- Products: semiconductor OSAT services
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Foxconn Technology Group](https://endata.com/companies/25880.md) (partner)
- [HCL Group](https://endata.com/companies/75062.md) (partner)

## Sources

- [livemint.com](https://www.livemint.com/companies/news/foxconn-hcl-announce-jv-to-set-up-semiconductor-osat-in-india-11705505623112.html), 2024-01-17: "Foxconn looks forward to jointly setting up OSAT operations in India with HCL."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.