After Vedanta, Tata, Hiranandani, and L&T, yet another Indian multinational conglomerate is foraying into the semiconductor space. Now, Shiv Nadar-founded HCL Group is planning to venture into chip packaging. The company is forming a joint venture with Taiwan-based Foxconn, and the two companies will start with a semiconductor outsourced assembly and testing (OSAT) unit.
Roshni Nadar Malhotra, Chairperson of HCLTech confirmed this development to Business Today. Sharing HCL Group’s decision to enter into OSAT, Roshni Nadar Malhotra said, “I will rewind back a bit. The genesis HCL, starting from 1976 was in manufacturing and was in creating India’s first indigenous 8-bit processor-based PC. We shipped the same day as Apple, but we were closed economy, and no one ever covered us. And so, there’s been a rich legacy that we’ve had in engineering services and creating for engineering.”
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