HCLTech, Tata, Tower in talks with SCL Mohali for modernisation

HCLTech, Tata Electronics, Israel-based Tower Semiconductor, and Belgium-based IMEC, among other companies, are in discussions with Semi-Conductor Laboratory (SCL) Mohali for the modernisation of its operations, aiming to enhance technological capabilities and efficiency.

The companies are first exploring opportunities to revamp the existing SCL facility, which could be a Rs 4,000 crore opportunity for them upon meeting the technical and commercial eligibility. The same is also expected to open up revenue opportunities for companies such as Applied Materials, which are suppliers of semiconductor machineries.