Dixon Technologies (India) Ltd and HKC Corporation Sign Term Sheet for Joint Venture

Dixon Technologies (India) Limited ('Dixon') and HKC Corporation Limited ('HKC') have entered into a Term Sheet for a prospective Joint Venture (JV) arrangement. The JV will focus on manufacturing Liquid Crystal Modules (LCM), thin film transistor liquid crystal display modules (TFT-LCD Modules), assembly of end products like smartphones, TVs, monitors and auto displays, and selling HKC branded End products in India. The proposed JV Company will set up an electronic component ecosystem and deepen the value addition in the country. Dixon is a leading design-focused and solutions company in the consumer durables, lighting and mobile phones markets in India, while HKC is a technology company focusing on the field of semiconductor display.