India Approves HCL 5fr4d Foxconn t Venture Semiconductor Unit

The facility is the sixth plant approved under the India Semiconductor Mission. 6w2rn

By Reuters | Updated: 14 May 2025 18:25 IST

India Approves HCL-Foxconn t Venture Semiconductor Unit

Photo Credit: Reuters 3v6d2p

PM Narendra Modi has made chipmaking a top priority for India's economic strategy

Highlights

The plant will cost INR 37.06 billion
The plant is designed to produce 20,000 wafers per month
It will also be able to produce 36 million display driver chips

ment

India's cabinet has approved a new semiconductor plant, a t venture between HCL Group and Taiwan's Foxconn, costing 37.06 billion rupees ($435 million), information minister Ashwini Vaishnaw said on Wednesday.

The plant, which will be located near the Jewar airport in the northern state of Uttar Pradesh, is designed for a capacity of 20,000 wafers per month and can produce 36 million display driver chips, Vaishnaw said at a cabinet briefing in New Delhi.

The facility, which is the sixth plant approved under the India Semiconductor Mission, will begin commercial production in 2027, he added.

Foxconn, Dixon Urge Government to Pay Pending Production Subsidies

Indian Prime Minister Narendra Modi has made chipmaking a top priority for India's economic strategy to boost its role in global electronics manufacturing, but the country currently has no operational chipmaking facility.

Earlier this month, Reuters reported that Indian billionaire Gautam Adani's group paused discussions with Israel's Tower Semiconductor for a $10 billion (roughly Rs. 85,402 crore) chip project after an internal review raised uncertainties around commercial demand.

The Maharashtra state government had initially announced approval for the Adani-Tower venture in September, which was expected to produce 80,000 wafers monthly and create 5,000 jobs.

NXP Semiconductors to Invest Over $1 Billion in India Pushing R&D Efforts

In 2023, Foxconn's proposed $19.5 billion (roughly Rs. 1,66,534 crore) t venture with Indian conglomerate Vedanta collapsed amid Indian government concerns over escalating project costs and delays in approving incentives.

Despite setbacks, other chip projects remain under development, including an $11 billion (roughly Rs. 93,942 crore) chip manufacturing and testing facility by the Tata Group and a $2.7 billion (roughly Rs. 23,058 crore) chip packaging plant by US-based Micron.

(This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)

Comments

For the latest reviews, follow Gadgets 360 on X, Facebook, WhatsApp, Threads and Google News. For the latest videos on gadgets and tech, subscribe to our YouTube channel. If you want to know everything about top influencers, follow our in-house Who'sThat360 on Instagram and YouTube.