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Tata, HCLTech, Tower eye SCL Mohali revamp bid

Financial Express Kochi

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February 26, 2025

FAB FACELIFT

- JATIN GROVER

HCLTECH, TATA ELECTRONICS, Israel-based Tower Semiconductor and Belgium-based IMEC, among others, are in talks with Semi-Conductor Laboratory (SCL) Mohali for the modernization of its operations, aiming to enhance technological capabilities and efficiency.

The companies are first exploring opportunities to revamp the existing SCL facility, which could be a ₹4,000-crore opportunity for them upon meeting the technical and commercial eligibility. The same is also expected to open up revenue opportunities for companies like Applied Materials, which are suppliers of semiconductor machineries.

Queries sent to HCLTech and Tata Electronics did not elicit any response at the time of going to the press.

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