HCL Group is edging closer to establishing an Outsourced Semiconductor Assembly and Test (OSAT) facility, labelled as a chip packaging unit, in Karnataka, as disclosed by informed sources to ET.
Anticipated to be “small-to-medium sized,” the facility’s estimated investment stands at around $400 million. Discussions between the HCL Group, renowned for its $12.6 billion IT arm HCLTech, and the state government are actively progressing. Proposed sites include locations near Bengaluru’s international airport and in Mysuru.
Officials highlight Mysuru’s suitability for fab manufacturing and OSAT due to its abundant water resources. The state government has devised incentives for this venture, marking HCL Group’s return to technology hardware, reaffirming its pioneering role in India’s IT manufacturing history.
In response to queries, an HCL Group spokesperson stated, “We evaluate investment opportunities and report progress at the appropriate time.” This move aligns with HCL’s ambition to penetrate the semiconductor space, building upon its previous endeavours and collaborations within the chip ecosystem.
