HCL Planning to Double Its Semiconductor Business

IT company HCL Technologies Ltd. expects to double semiconductor services business in coming three to four years. According to a senior company official,  this projection comes in allience with  the plan of the group decided to set up electronic chip plants.  HCL Group is among the companies that have applied to set up electronic chip plants under the 'Scheme for Compound Semiconductors'. HCL Technologies will assist HCL Corporate in end-to-end processing of chips.

Ameer Saithu  Executive Vice President and BU Head of HCL Technologies told PTI that  Group's semicondductor wafer fabrication unit can be built in about 18-24 months time from the date the government approves its application. The company is ready with funds. The Group is planning to set up a wafer fabrication unit for 65 nanometre nodes that are used in automobile, consumer durables and low-cost devices segment. HCL Technologies currently working  with semiconductor players like Intel, NXP, TSMC , Applied Materials.

As per Mr. Saithu the planned semiconductor plant will help HCL Technologies to complete its end-to-end offering in electronic production.

Courtesy : www.pngegg.com