The Union Cabinet has approved a ₹3,706 crore joint venture between HCL and Foxconn to build a semiconductor plant in Jewar, Uttar Pradesh. Part of the India Semiconductor Mission, the plant will focus on chip assembly and packaging. It is expected to start production in 2027 and create 2,000 jobs, meeting up to 40% of India’s chip demand.

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• ₹3,706 crore approved for HCL-Foxconn chip plant
• Located in Jewar, Uttar Pradesh, near upcoming airport
• Part of India’s ₹76,000 crore Semiconductor Mission
• Production to begin by 2027
• Will assemble and package display driver chips
• Capacity: 20,000 wafers/month, 36 million chips/month
• Expected to meet 40% of India’s chip demand
• Will generate 2,000 direct jobs in UP
• ₹1,500 crore government incentive included
• Boost to Aatmanirbhar Bharat and Digital India missions