HCL Tech to double semiconductor biz in 4 yrs, needs 2 yrs to build fab

IT company HCL Technologies expects to double semiconductor services business in 3-4 years following capabilities that it will develop around electronic chip plants to be set by its group firm, a senior company official said here.

HCL Group is among the companies that have applied to set up electronic chip plants under the "Scheme for Compound Semiconductors" and HCL Technologies will assist HCL Corporate in end-to-end processing of chips.

"One of the focus sectors for HCL Technologies, especially in engineering services is semi chip. Our plan is to double our business. There is an internal plan to do it in a period of three to four years. I say only three to four because it is ongoing and we see demand enough to do that," HCL Technologies executive vice president and BU head Ameer Saithu told PTI.

He said that HCL Group's semiconductor wafer fab can be built in about 18-24 months time from the date the government approves its application.

"We are ready with funds. Just to be clear