HCL Technologies US$ 300 Million Bet on India's Semiconductor Industry

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As the world grapples with a semiconductor shortage, India is emerging as a key player in this critical market.

www.equitymaster.com/, Jul. 19, 2023 – 

One after another big names are flocking to the Indian semiconductor market. One of them being HCL Tech. The HCL Group is contemplating setting foot in India's expanding semiconductor space.

As of 19 July 2023, HCL Tech is the 12th most valued company in India by market capitalisation. The company's market capitalisation is Rs 2.2 trillion (US$ 29 billion). The company has also consistently generated substantial profits, creating wealth for its shareholders.

HCL Tech's shares have returned 562.4% in the past ten years. This means an investment of Rs 100 in HCL Tech's shares ten years ago would be worth Rs 662.4 today.

Apart from this, the company has a knack for declaring big consecutive dividends. To put things into context, this will be its 85th consecutive dividend declaration. The company has paid out dividends consistently for more than 80 consecutive quarters!

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