Foxconn teams up with HCL group to start chip packaging and testing venture in India, invests USD 37.2 million: Report
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Taiwanese contract manufacturing giant Foxconn has said that it is teaming up with HCL Group to start a chip packaging and testing venture in India, a media report said on Wednesday. According to a regulatory filing to Taiwan's stock exchange, Foxconn Hon Hai Technology India Mega Development, a division of the Taiwanese contract manufacturer, will invest $37.2 million for a 40 per cent ownership in the joint venture, reports Moneycontrol.
