# Foxconn and HCL Group form joint venture for OSAT facility in India

Foxconn (Hon Hai Precision) entered a joint venture with HCL Group to set up an outsourced assembly and testing (OSAT) facility in India. Foxconn will take a 40% stake in the $37.2 million deal.

- Type: Partnership
- Announced: 2024-01-20
- Where: India
- Value: $37.2M
- Status: announced
- Products: chip packaging and testing services
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Foxconn](https://endata.com/companies/15170.md) (partner)
- [HCL Group](https://endata.com/companies/75062.md) (partner)

## Sources

- [sdxcentral.com](https://www.sdxcentral.com/news/foxconn-launches-joint-venture-with-hcl-group-for-osat-facility-in-india/), 2024-01-20: "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.