HCL-Foxconn JV

In a major boost to India’s semiconductor ecosystem, the Union Cabinet has approved the country’s sixth chip manufacturing facility, to be set up in Jewar, Uttar Pradesh, through a joint venture between HCL Enterprise and Foxconn. With a projected investment of ₹₹3,706 crore, the facility will focus on manufacturing display driver chips, vital components for devices such as smartphones, laptops, personal computers, and automobiles.

The plant is expected to begin construction shortly, with production targeted for 2027. It will have the capacity to process 20,000 wafers per month, enabling an estimated output of 36 million semiconductor units monthly. This move is seen as a strategic step toward strengthening India’s domestic chip production and reducing dependency on imports.

The central government emphasised that the initiative aligns with India’s broader vision of becoming a self-reliant technology powerhouse, especially as demand for semiconductors surges across sectors including consumer electronics, medical devices, defence, power electronics, and data infrastructure. An official note also underscored the emergence of world-class chip design facilities in multiple states, with state governments actively engaging with global and domestic design firms.

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Leveraging HCL’s strong hardware legacy and Foxconn’s global manufacturing expertise, the Jewar chip fab is expected to be a cornerstone of India’s Atmanirbhar Bharat mission, positioning the country as a key player on the global semiconductor map.

 

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