Foxconn, HCL Group name semiconductor JV as India Chip
Electronics manufacturing services giant Foxconn and HCL Group have named their semiconductor joint venture as India Chip Private Limited, a regulatory filing said on Wednesday.
Foxconn has already infused $3,72,00,000, about ₹312 crore, in the JV for its 40% stake and may invest up to ₹424 crore in the semiconductor firm.
In a supplementary explanation regarding the name of the newly established joint venture company, as announced on October 1, 2024, the Foxconn regulatory filing on Wednesday showed that the name has been firmed up as India Chip Private Limited.
