# Hon Hai Precision Industry invests in India Chip Private Limited joint venture

Hon Hai Precision Industry Co., Ltd. (Foxconn) invested USD 37.2 million in newly established joint venture company India Chip Private Limited, with a potential additional investment of up to USD 13.31 million, as approved by the board on October 1, 2024.

- Type: Investment
- Announced: 2024-10-01
- Where: India
- Value: $37.2M
- Status: announced
- Products: semiconductor chips
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Hon Hai Precision Industry Co., Ltd.](https://endata.com/companies/17449.md) (investor)
- [India Chip Private Limited](https://endata.com/companies/80159.md) (partner)

## Sources

- [markets.ft.com](https://markets.ft.com/data/announce/full?dockey=1323-17413491-2SAS54FR5RCJGQNLO20RNMIH20), 2024-10-01: "Total transaction price: USD 37,200,000 Additionally, according to the joint venture agreement, there is a potential investment of no more than USD 13,310,000."

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