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Union Cabinet Approves HCL-Foxconn JV for Semiconductor Plant in Jewar

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Union Cabinet Approves HCL-Foxconn JV for Semiconductor Plant in Jewar

AspectDetails
EventUnion Cabinet approves a joint venture (JV) between HCL and Foxconn for a semiconductor plant in Jewar, UP.
Investment₹3,706 crore (₹1,500 crore from Government incentives).
Plant TypeAssembly and packaging of display driver chips for devices like phones, laptops, cars, and PCs.
Capacity20,000 wafers/month; 36 million units/month output.
LocationNear Jewar Airport, Yamuna Expressway Industrial Development Authority, Uttar Pradesh.
Jobs Expected2,000 direct jobs.
Production Start2027.
ObjectiveEstablish a semiconductor assembly and testing unit under the India Semiconductor Mission.
GoalReduce reliance on imported chips by meeting 40% of domestic demand.
Broader MissionPart of India's Semiconductor Mission, launched in 2021 with an initial outlay of $10 billion (₹76,000 crore).
SignificanceBoosts India's semiconductor ecosystem, reduces dependence on foreign chips, supports Make in India and Digital India, generates local employment in UP, and strengthens strategic autonomy in critical electronics.
BackgroundFoxconn's second attempt after a previous JV with Vedanta collapsed in 2023. India has attracted $18 billion in semiconductor investments, with chips expected in 2025.

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