Prime Minister Narendra Modi kicked off India’s latest semiconductor endeavor by inaugurating the HCL-Foxconn OSAT plant in Uttar Pradesh through a virtual ceremony at YEIDA. With an investment over ₹3,700 crore, this joint venture—India Chip Private Limited—positions India prominently on the global semiconductor map.
The facility targets production of display driver chips integral to mobiles, computers, cars, and household electronics. Modi spotlighted Uttar Pradesh’s ascent as a semiconductor powerhouse within India.
Self-reliance in chip fabrication is progressing rapidly, underpinning growth in electronics, autos, and digital realms, as per PM Modi’s address. Full operations will see 20,000 wafers processed monthly, slashing import needs and reinforcing supply resilience.
Expectations run high for job proliferation among professionals, plus ecosystem expansion via suppliers, startups, and R&D centers. The Jewar Airport vicinity ensures efficient logistics and worldwide linkages.
Referencing accolades at the India AI Impact Summit, Modi labeled the week epochal for India’s tech narrative, heralding a dynamic 2026 ahead.