HCL Group

Foxconn and HCL Group announced plans to form a joint venture for chip packaging and testing (OSAT) 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.

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.

Foxconn (Hon Hai Precision Industry) partners with HCL Group to form a chip packaging and testing (OSAT) joint venture in India. Foxconn unit will invest $37.2 million for a 40% stake.