Foxconn plans to invest ₹424 crore in semiconductor JV with HCL

Taiwanese chipmaking giant Foxconn plans to invest up to ₹424 crore in a semiconductor joint venture (JV) with HCL Group, PTI reported on Tuesday, quoting an official note and people aware of the development.

According to the report, the iPhone manufacturer purchased a 40 per cent stake in the JV for nearly ₹312 crore.