Taiwanese electronics manufacturer Foxconn will invest up to Rs 424 crore in a semiconductor joint venture with HCL Group, acquiring a 40% stake for Rs 312 crore. The investment marks a significant move in Foxconn’s expansion into the semiconductor industry, with a focus on strengthening its presence in India’s growing tech market. The joint venture is expected to drive innovation and growth in the semiconductor sector, solidifying Foxconn’s position as a key player in the global electronics market.
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