India's Chip Dream Accelerates: HCL-Foxconn JV to Set Up ₹3,706 Cr Semiconductor Plant in Uttar Pradesh

The Indian government approves a ₹3,706 crore chip assembly plant by HCL and Foxconn in UP under the ₹76,000 crore India Semiconductor Mission. Learn what this means for India’s chip ambitions, HCL’s growth, and the global chip race with China and the US. India's Semiconductor Story Gets a Boost with HCL-Foxconn Chip Plant in Uttar Pradesh India's ambitious dream of becoming a global semiconductor hub has taken a major leap forward. The Union Cabinet has greenlit a significant joint venture between Indian IT giant HCL and Taiwanese electronics major Foxconn to establish a chip assembly and packaging plant in Uttar Pradesh. This ₹3,706 crore investment marks the sixth approved project under the ₹76,000 crore India Semiconductor Mission (ISM) and signals growing momentum in India's chip manufacturing ecosystem. Set to rise near the upcoming Jewar Airport at the Yamuna Expressway Industrial Development Authority (YEIDA) zone, this will be Uttar Pradesh’s first semicon...