Union Cabinet Approves HCL-Foxconn JV for Semiconductor Plant in Jewar
| Aspect | Details |
|---|---|
| Event | Union 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 Type | Assembly and packaging of display driver chips for devices like phones, laptops, cars, and PCs. |
| Capacity | 20,000 wafers/month; 36 million units/month output. |
| Location | Near Jewar Airport, Yamuna Expressway Industrial Development Authority, Uttar Pradesh. |
| Jobs Expected | 2,000 direct jobs. |
| Production Start | 2027. |
| Objective | Establish a semiconductor assembly and testing unit under the India Semiconductor Mission. |
| Goal | Reduce reliance on imported chips by meeting 40% of domestic demand. |
| Broader Mission | Part of India's Semiconductor Mission, launched in 2021 with an initial outlay of $10 billion (₹76,000 crore). |
| Significance | Boosts 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. |
| Background | Foxconn'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. |