HCL-Foxconn to invest Rs 37 billion in chip plant near Jewar airport
14 May 2025 CW Team
The Union Cabinet has approved the establishment of a new semiconductor unit near Jewar airport in Uttar Pradesh under the India Semiconductor Mission. This sixth plant, a joint venture between HCL and Foxconn, marks further progress in India鈥檚 semiconductor journey. The project will see an investment of Rs 37 billion.
The facility will produce display driver chips for mobile phones, laptops, automobiles, PCs, and other digital devices. It is designed for a monthly capacity of 20,000 wafers and an output of 36 million units.
Five semiconductor units are already in advanced stages of construction. The government noted that ecosystem partners such as Applied Materials, Lam Research, Merck, Linde, Air Liquide, and Inox are scaling up in India to support the growing semiconductor industry.
Design activity is also gaining traction, with students and entrepreneurs in 270 academic institutions and 70 startups working on cutting-edge technologies. The SCL in Mohali has already taped out 20 student-developed products.
The plant aligns with the Prime Minister鈥檚 vision of Atmanirbhar Bharat.