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The HCL-Foxconn joint venture has signed on Taiwanese firm CTCI as the engineering, procurement and construction (EPC) partner for its upcoming outsourced semiconductor assembly and testing (OSAT) facility in Uttar Pradesh, said people aware of the development.
EPC companies handle projects from initial design and engineering to construction and completion, acting as a single point of responsibility for a project's entire lifecycle.
“There were other companies that were also bidding for the project but the scales tipped in favour of CTCI because of its longstanding partnership with Foxconn,” said one of the persons, who did not wish to be identified.
Queries sent to HCL Group, Foxconn and CTCI remained unanswered till press time.
The Rs 3,706 crore OSAT facility will manufacture display driver chips used in mobile phones, laptops, automobiles, personal computers and other devices with displays. The unit is expected to contribute significantly to meeting domestic demand for such chips.
CTCI is among Foxconn's principal partners worldwide and this tie-up marks the company's entry into the semiconductor segment in India. The company has worked on a semiconductor fab project in the United States of America, likely TSMC's fab in Arizona.
“CTCI has a large share of its work centred around Taiwan and is looking to aggressively expand its global footprint,” an analyst said on condition of anonymity. “Bagging the HCL-Foxconn contract would be a good way for the company to establish itself in the Indian market for semiconductor projects which is a segment that will see unprecedented growth going forward.”
ET was the first to report in March last year that the HCL-Foxconn joint venture was in talks with Larsen & Toubro and CTCI.
Founded in 1979, CTCI serves the environmental, refinery, petrochemical, power, transportation, industrial, advanced technology facility and liquefied natural gas terminal markets. The company works with companies across Asia, West Asia and the Americas. It reported annual revenue of $2.8 billion for 2025, with the India market contributing around 8.3% to the total revenue.
Separately, CTCI is the EPC partner working on Foxconn's electronics manufacturing services (EMS) plant in Devanahalli near Bengaluru, which is touted to be the company’s second-largest such facility globally.
“The EMS factory EPC project supports the client’s adoption of the ‘China+1’ strategy, establishing one of the new production campus in India to diversify operational risks. Design services for the project are provided by CINDA (CTCI India),” CTCI said on its website.
EPC companies handle projects from initial design and engineering to construction and completion, acting as a single point of responsibility for a project's entire lifecycle.
“There were other companies that were also bidding for the project but the scales tipped in favour of CTCI because of its longstanding partnership with Foxconn,” said one of the persons, who did not wish to be identified.
Queries sent to HCL Group, Foxconn and CTCI remained unanswered till press time.
The Rs 3,706 crore OSAT facility will manufacture display driver chips used in mobile phones, laptops, automobiles, personal computers and other devices with displays. The unit is expected to contribute significantly to meeting domestic demand for such chips.
CTCI is among Foxconn's principal partners worldwide and this tie-up marks the company's entry into the semiconductor segment in India. The company has worked on a semiconductor fab project in the United States of America, likely TSMC's fab in Arizona.
“CTCI has a large share of its work centred around Taiwan and is looking to aggressively expand its global footprint,” an analyst said on condition of anonymity. “Bagging the HCL-Foxconn contract would be a good way for the company to establish itself in the Indian market for semiconductor projects which is a segment that will see unprecedented growth going forward.”
ET was the first to report in March last year that the HCL-Foxconn joint venture was in talks with Larsen & Toubro and CTCI.
Founded in 1979, CTCI serves the environmental, refinery, petrochemical, power, transportation, industrial, advanced technology facility and liquefied natural gas terminal markets. The company works with companies across Asia, West Asia and the Americas. It reported annual revenue of $2.8 billion for 2025, with the India market contributing around 8.3% to the total revenue.
Separately, CTCI is the EPC partner working on Foxconn's electronics manufacturing services (EMS) plant in Devanahalli near Bengaluru, which is touted to be the company’s second-largest such facility globally.
“The EMS factory EPC project supports the client’s adoption of the ‘China+1’ strategy, establishing one of the new production campus in India to diversify operational risks. Design services for the project are provided by CINDA (CTCI India),” CTCI said on its website.
