Cabinet Approves ₹3,700 Crore Semiconductor Unit in Uttar Pradesh
| Aspect | Details |
|---|---|
| Event | Semiconductor Unit in Uttar Pradesh |
| Location | Jewar, Uttar Pradesh |
| Investment | ₹3,700 crore |
| Joint Venture | HCL (India) and Foxconn (Taiwan) |
| Expected Start | Commercial production by 2027 |
| Products | Chips for laptops, PCs, smartphones, and automobiles |
| Strategic Importance | First semiconductor plant in Uttar Pradesh |
| UP Semiconductor Policy | UP Semiconductor Policy - 2024 launched to boost local manufacturing |
| Display Capacity | Potential to meet 40% of India's display capacity |
| India Semiconductor Mission (ISM) | Launched in 2021 with ₹76,000 crore outlay under MeitY |
| Objective of ISM | Develop sustainable semiconductor and display ecosystems in India |
| Employment Impact | Expected to generate employment and attract ancillary industries |
| Import Dependence | Aims to reduce reliance on imports and strengthen supply chain resilience |