Cabinet clears Rs 3,706 cr HCL-Foxconn semiconductor plant in UP's Jewar

The Union Cabinet on Wednesday approved India’s sixth semiconductor unit—a ₹3,706 crore project to be set up in Jewar, Uttar Pradesh, through a joint venture between HCL and Foxconn.

The plant will start production in 2027, and will manufacture display driver chips for mobile phones, laptops, automobiles, PCs.

The plant is designed for 20,000 wafers per month. The design output capacity is 36 million units per month.

Five semiconductor units are already in advanced stages of construction. With this sixth unit, India moves forward in its journey to develop the strategically vital semiconductor industry, said the central government in an official statement.

"Semiconductor industry is now shaping up across the country. World-class design facilities have come up in many states across the country. State governments are vigorously pursuing the design firms."

The central government further said, with the demand for semiconductors increasing with the rapid growth of laptop, mobile phone, server, medical device, power electronics, defence equipment, and consumer electronics manufacturing in Bharat, this new unit will further add to the Prime Minister's vision of Atmanirbhar Bharat.

Meanwhile, HCL has a long history of developing and manufacturing hardware. Foxconn is a global major in electronics manufacturing.