# HCL Group

Type: Company (HCLTECH.NS)

Source: Supply Chain Intelligence Brief — https://getsupplybrief.com/entity/hcl-group
Canonical HTML page: https://getsupplybrief.com/entity/hcl-group

## Timeline

- **2028**: Operational Launch — Expected start of commercial production for display driver chips.
- **2027**: Equipment Installation — Installation of specialized semiconductor assembly and testing machinery.
- **2026-Q2**: Construction Commencement — Initial site preparation and infrastructure development at the YEIDA site.
- **2026-02-22**: Groundbreaking Ceremony — Official commencement of construction for the NT$13.1 billion facility.
- **2026-02-21**: Foundation Stone Laid — PM Narendra Modi virtually lays the foundation for the India Chip Pvt Ltd facility.
- **2024-Q3**: Regulatory Approval — Indian government approves the project under the ISM incentive scheme.
- **2024-01-17**: JV Announcement — Foxconn and HCL Group announce plans for a semiconductor OSAT joint venture.

## Recent coverage (2 stories)

### Foxconn and HCL Break Ground on NT$13.1 Billion Semiconductor Plant in India
2026-02-22 11:03:27 · Sentiment: Positive · Impact: 7/10 · Sources: 2

Hon Hai Precision Industry (Foxconn) and India's HCL Group have officially commenced construction on a joint venture semiconductor assembly and testing facility. The NT$13.1 billion project represents a major milestone in India's 'Make in India' initiative and Foxconn's strategic pivot toward South Asian manufacturing hubs.
Full story: https://getsupplybrief.com/story/foxconn-hcl-india-semiconductor-groundbreaking

### India Chip JV: HCL and Foxconn Break Ground on Semiconductor Facility
2026-02-22 00:36:26 · Sentiment: Strongly positive · Impact: 8/10 · Sources: 2

Prime Minister Narendra Modi has laid the foundation stone for India Chip Pvt Ltd, a 60:40 joint venture between HCL Group and Foxconn in Greater Noida. The facility, focused on display driver chips, is a cornerstone of India's strategy to achieve semiconductor self-reliance by 2028.
Full story: https://getsupplybrief.com/story/hcl-foxconn-india-chip-semiconductor-facility

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