On Saturday, Indian Prime Minister Narendra Modi laid the foundation stone for the Outsourced Semiconductor Assembly and Test (OSAT) facility of India Chip Private Limited at the Yamuna Expressway Industrial Development Authority in Jewar, Greater Noida. This project is a joint venture between HCL Group and Foxconn with a 60:40 ownership ratio, involving a total investment of ₹370 billion and is expected to commence operations in 2028.
The display chip factory will produce display driver chips, making India Chip one of the few domestic companies in India engaged in such manufacturing. The facility plans to process 20,000 wafers per month, aiming to meet India's growing demand for semiconductor components and strengthen the resilience and self-sufficiency of the local supply chain.
The project is expected to create over 3,500 direct and indirect jobs while attracting ecosystem partners across the semiconductor value chain, thereby promoting the development of the local supply chain. Uttar Pradesh Chief Minister Yogi Adityanath and Union Minister for Electronics and Information Technology Ashwini Vaishnaw attended the groundbreaking ceremony. HCL Group Chairperson Roshni Nadar Malhotra and Foxconn Semiconductor Business Group President Bob Chen were also present.
Malhotra stated, "We thank the Government of India and the Government of Uttar Pradesh for their continued support. We are proud to deepen our commitment to Uttar Pradesh and contribute to the state's rapid technological and manufacturing growth." She added, "We look forward to working closely with Foxconn to realize this advanced project as soon as possible, further enriching India's technological development."
Bob Chen said, "This joint venture demonstrates our build-operate-localize model in India. We sincerely thank our partner HCL and are honored to receive the recognition from the Government of India and the Government of Uttar Pradesh in reaching this significant milestone." The construction of this display chip factory marks a crucial step for India's semiconductor industry, with the potential to enhance domestic manufacturing capabilities and promote the development of related industries.
