Semiconductor stock engaged in providing manufacturing and design-focused solutions for consumer durables, lighting, mobile phones, security devices, and many others jumped 3 percent upon entering into a JV with HKC Corporation Limited (“HKC”) to undertake the manufacturing of Liquid Crystal Modules and many more.
With a market capitalization of Rs. 59,948 Crores, the shares of Dixon Technologies Limited were trading at Rs. 10,016.10 per equity share, up 2.60 percent from its previous day’s close price of Rs. 9,762.35.
Dixon Technologies Limited has entered into a Joint Venture agreement with HKC Corporation Limited (“HKC”) to undertake the manufacturing of Liquid Crystal Modules (“LCM”), thin film transistor liquid crystal display modules, assembly of end products like, smartphones, TVs, monitors and auto displays and selling HKC branded End products in India.
HKC Corporation Ltd is a technology company focusing on the field of semiconductor display, the main business is to develop and manufacture semiconductor display panels and other core display devices and intelligent display terminals.
In terms of the intelligent display terminal business, HKC mainly produces smart TVs and other TV terminals and displays, all-in-one machines, laptops, tablets, advertising machines, smart fitness goggles, and other IT and smart IOT terminals.
Commenting on this occasion, Mr. Atul B. Lall, Vice Chairman & Managing Director, stated that “Dixon Group is, constantly taking strategic initiatives to emerge as one of the domestic champions in electronic space by not only providing manufacturing solutions but also striving to be a trusted source in Technology and R & D space.
I am delighted to announce that Dixon has signed a Term Sheet with HKC Corporation Limited for manufacturing of Liquid Crystal Modules, TFT-LCD Modules, Displays, etc. This venture will give a boost to set up electronic component ecosystem & also deepen the value addition.”
Dixon Technologies Limited is engaged in providing manufacturing and design-focused solutions for consumer durables, home appliances, lighting, mobile phones, security devices, set-top boxes, wearables, and medical equipment to customers across the globe, along with repairing and refurbishment services of LED TV panels. It has a market share of 50 percent in Security Systems.
Dixon Technologies Limited has various partnerships and subsidiaries with various investments underway to start full-fledged operations for the semiconductors. It has a strong customer base with major players like Xiaomi, Panasonic, Samsung, and many more.
Its Revenue from Operations grew by 51.95 percent from Rs. 3,065.45 Crores in Q4FY23 to Rs. 4,657.97 Crores in Q4FY24, accompanied by profits of Rs. 80.61 Crores to Rs. 97.3 Crores.
Written by: Bharath K.S
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