# Foxconn to invest Rs 424 crore in semiconductor JV with HCL Group

Foxconn will invest up to Rs 424 crore in a semiconductor joint venture with HCL Group, acquiring a 40% stake for Rs 312 crore.

- Type: Acquisition
- Announced: 2024-10-01
- Where: India
- Value: $51.0M (4.24B INR)
- Status: announced
- Products: semiconductors
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

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

## Sources

- [mynewswave.com](https://mynewswave.com/foxconn-plans-to-invest-up-to-rs-424-crore-in-semiconductor-jv-with-hcl-company-news/), 2024-10-01: "Foxconn will invest up to Rs 424 crore in a semiconductor joint venture with HCL Group, acquiring a 40% stake for Rs 312 crore."

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