HCL

In a strategic move to strengthen India's semiconductor ecosystem, the Union Cabinet has approved a joint venture between HCL and Foxconn to establish a semiconductor fabrication unit in Jewar, Uttar Pradesh. With a projected investment of Rs. 3,706 crore, the plant will focus on producing display driver chips used in mobile devices, automobiles, and laptops. The project is expected to generate 2,000 jobs and produce 20,000 wafers monthly. Meanwhile, Jain Irrigation Systems has swung back to profitability, reporting a net profit of Rs.

In its 10th edition of the HCLTech Grant, HCL Foundation has announced a Rs. 5 crore initiative to support three non-governmental organizations (NGOs) working in the fields of environment, health, and education. These grants aim to catalyze positive change in diverse areas, including biodiversity conservation, the fight against childhood blindness, and the promotion of inclusive education. This commitment highlights HCL Foundation's ongoing dedication to corporate social responsibility and its goal of making a tangible difference in India’s rural and underserved communities.