A game-changer for India’s electronics landscape unfolds Saturday as PM Narendra Modi remotely inaugurates the HCL-Foxconn chip manufacturing hub in Uttar Pradesh’s Jewar. This Rs 3,700 crore OSAT facility, a HCL-Foxconn partnership, is primed to produce vital Display Driver ICs for everything from phones to cars.
Nestled in YEIDA Sector-28 on 48 acres near Noida’s new airport, the plant leverages the ATMP scheme to fortify homegrown production, minimize import vulnerabilities, and enhance supply chain robustness worldwide.
Foxconn’s 40% ownership comes with $37.2 million invested upfront (Rs 312 crore), scalable to Rs 424 crore, signaling robust backing. The project will ignite India’s semiconductor drive, spurring innovation, talent nurturing, and generating thousands of jobs for engineers and tech experts.
As Modi participates virtually, this milestone underscores India’s ascent in high-tech manufacturing. It promises economic upliftment for the region, positions UP as an investment magnet, and advances the national goal of technological self-sufficiency amid global chip shortages.