Union Cabinet Approved HCL-Foxconn JV to Set up Rs 3,706 Crore Semiconductor Facility at Jewar, UP

This should not delight Donald Trump: Foxconn, the world's largest electronic manufacturing subcontractor, has received the approval of the Indian government to establish a semiconductor plant in partnership with the HCL group. This joint venture represents an investment of $433 million (Rs.37.06 billion) and will be established in the state [...] Read more... Follow iPhoneAddict.fr on Facebook, and follow us on Twitter Don't forget to download …

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India’s semiconductor ambitions received a significant boost as the Union Cabinet, chaired by Prime Minister Narendra Modi, approved the establishment of a new semiconductor unit under the India Semiconductor Mission. The facility will be set up near the upcoming Jewar Airport in Gautambuddh Nagar, Uttar Pradesh, under the jurisdiction of the Yamuna Expressway Industrial Development Authority (YEIDA). HCL-Foxconn Joint Venture to Lead Developmen…

Union Cabinet Approved HCL-Foxconn JV to Set up Rs 3,706 Crore Semiconductor Facility at Jewar, UP

In May 2025, the Union Cabinet chaired by Prime Minister (PM) Narendra Modi has approved a Joint Venture (JV) between Noida (Uttar Pradesh, UP) HCL Group and Taiwanese electronics company Hon Hai Precision Industry Co., Limited (Foxconn), to set up semiconductor unit near Jewar Airport in the Yamuna Expressway Industrial Development Authority (YEIDA) in Uttar Pradesh […] The post Union Cabinet Approved HCL-Foxconn JV to Set up Rs 3,706 Crore Sem…

India's Sixth Chip Unit: HCL-Foxconn JV Gets Cabinet Nod for Jewar Plant

India's sixth semiconductor plant, a INR 3,706 crore facility that would be established in Jewar, Uttar Pradesh, through a joint venture between HCL and Foxconn, was authorised by the Union Cabinet on 14 May.The facility will begin producing display driver chips for PCs, laptops, cars, and cell phones in 2027. The monthly production capacity of the factory is 20,000 wafers. The monthly production capacity of the design is 36 million pieces.There…