Semiconductor business expected to double in four years: HCL Tech
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He informed that HCL Group is one of the companies applying to set up an electronic chip plant under the ‘Scheme of Compound Semiconductor’ and HCL Technologies will assist HCL Corporate in processing the chip.
Information technology company HCL Technologies expects to double its semiconductor services business in the next three-four years. Speaking to PTI here, Ameer Saithu, executive vice-chairman of HCL Technologies, said the electronic chip plants to be set up by the group firm will add to its capacity and this will translate into growth in its semiconductor services business.
He informed that HCL Group is one of the companies applying to set up an electronic chip plant under the ‘Scheme of Compound Semiconductor’ and HCL Technologies will assist HCL Corporate in processing the chip. Saithu said, “The main focus areas of HCL Technologies, especially engineering services, is semiconductor chips.
We plan to double our business. There is an internal plan for three-four years for this. I am saying only three or four years because it is ongoing and we are seeing enough demand for it. He said that the semiconductor wafer fabrication unit of the HCL group would be set up in one and a half to two years after getting the approval from the government. Finance has also been arranged for this.
Disclaimer:IndiaTheNews has not edited this news. This news has been published from PTI-language feed.
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