HCL acquires 100% stake in US-based Sankalp Semiconductor

HCL acquires 100% stake in US-based Sankalp Semiconductor

Points to Remember:

  • Noida-based HCL Technologies has announced the acquisition of US-based technology services provider Sankalp Semiconductor for Rs. 180 crore.
  • Sankalp will operate as a 100% subsidiary of HCL post the completion of the acquisition by the first week of October.
  • Incorporated in 2005, Sankalp offers System on Chip (SoC) design services and solutions in the semiconductor space.

About HCL Technologies:

  • HCL Technologies Limited is an Indian multinational information technology service and consulting company headquartered in Noida, Uttar Pradesh.
  • It is a subsidiary of HCL Enterprise.
  • CEO: C Vijayakumar (Oct 2016–)
  • Headquarters: Noida
  • Parent organizations: HCL Enterprise, Vama Sundari Investments (Delhi) Private Limited
  • Founders: Shiv Nadar, Arjun Malhotra, Ajai Chowdhry, Yogesh Vaidya, D.S. Puri
Important Possible questions based on above News:
  1. The US-based technology services provider Sankalp Semiconductor has recently been acquired by: HCL Technologies
  2. HCL Technologies has announced the acquisition of US-based technology services provider Sankalp Semiconductor worth: Rs. 180 crore

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