Now Reading: HCL-Foxconn JV names Shikhar Malhotra as Chairman
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HCL-Foxconn JV names Shikhar Malhotra as Chairman
HCL-Foxconn joint venture India Chip has appointed Shikhar Malhotra as its Chairman. Malhotra, already Chairman of HCL Capital, will lead the company’s display driver integrated circuit (DDIC) assembly and test facility in…
The Story in Brief
HCL-Foxconn joint venture India Chip has appointed Shikhar Malhotra as its Chairman. Malhotra, already Chairman of HCL Capital, will lead the company’s display driver integrated circuit (DDIC) assembly and test facility in Jewar, Uttar Pradesh.
The ₹3,700 crore OSAT plant is set to become operational by 2028 and will process 20,000 wafers a month. It is expected to create over 3,500 jobs and boost domestic semiconductor production. Prime Minister Modi laid its foundation stone in February.
The Indian Opinion
A homegrown chip assembly unit is welcome, but the 2028 timeline and 3,700-crore price tag deserve scrutiny. India has a habit of announcing grand semiconductor plants that stall. The real test will be whether India Chip delivers its first commercial wafer within schedule and budget. How many of the promised 3,500 jobs will be high-skilled ones?
Source: telecom.economictimes.indiatimes.com
This story was synthesised by AI from the source linked above.
