HCL Group Considers $300-Million Entry into India’s Semiconductor Industry.

HCL

It is anticipated that the HCL Group would shortly submit a proposal to the Center for the establishment of a semiconductor assembly, testing, marking, and packaging (ATMP) facility.

According to a July 19 story in the Economic Times, The HCL Group is considering entering India’s booming semiconductor market. It is anticipated that they would shortly submit a proposal to the Center for the establishment of a semiconductor assembly, testing, marking, and packaging (ATMP) facility.

According to a source in the newspaper, the the tech giant would likely make a proposal to the Center shortly for the establishment of an assembly, testing, marking, and packaging (ATMP) facility for semiconductors. According to reports, the project will cost $200–300 million. According to top corporate officials, HCL Group, not HCLTech, the group’s $12.6 billion IT exports division, is in charge of this large-scale initiative.

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The most recent development occurred shortly after Micron announced early in July that construction will begin at its Gujarat semiconductor factory in August. The chip manufacturer announced an investment of $825 million to build an Outsourced Assembly and Test (OSAT) facility in Gujarat’s Sanand. The project has received a total of $2.75 billion in funding. The initiative that Micron is working on in conjunction with the Center and the Gujarat state government is projected to accelerate the expansion of India’s chip manufacturing industry.

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