HCLTech reported a 20 percent rise in net profit for the first quarter, reaching Rs 4,624 crore compared with Rs 3,843 crore a year earlier. Revenue from operations increased 13 percent to Rs 34,579 crore from Rs 30,349 crore. The company declared an interim dividend of Rs 12 per share, with July 17 set as the record date. Government incentives are viewed as critical as India’s semiconductor market is projected to reach $350 billion by 2035, up from an estimated $54 billion in 2026. Domestic production could reduce more than 20 percent of the semiconductor import bill through fabrication, packaging and exports. Import dependence for fab projects is expected to decline from over 85 percent today to 55 percent by 2035.
