UP CM Yogi Adityanath, Union Minister Ashwini Vaishnaw, HCL Group Chairperson Roshni Nadar Malhotra and other dignitaries at Groundbreaking ceremony of HCL-Foxconn Semiconductor JV India Chip Pvt. Ltd. in Jewar
India Chip, the 60:40 joint venture between HCL Group and Taiwan’s Foxconn facility in Uttar Pradesh (UP) would help in making the State a technology ‘powerhouse’, Prime Minister Narendra Modi said on Saturday adding that India aims for self-reliance in chip manufacturing, and the focus remains on building a robust domestic semiconductor ecosystem.
The JV company is setting up India’s first Outsourced Semiconductor Assembly and Test (OSAT) facility in the Yamuna Expressway Industrial Development Authority (YEIDA) at Jewar, Uttar Pradesh at an investment of ₹3,700 crore, which is expected to be operational by 2028.
Modi said the nation is already moving forward today with this massive programme to strengthen India’s semiconductor ecosystem. “India is now striving to stand alongside the world’s top nations in providing the processing power required to run the modern world and is working simultaneously on software and hardware aspects,” he said.
The Prime Minister reiterated his vision of the current decade as India’s Techade, stating that investments in green energy, space tech, digital technology, and AI will form the foundation of 21st-century capability. He further stated that India is making unprecedented investments in every technology that will determine the future of humanity and development of this robust semiconductor ecosystem in India is a prime example of this.
The India Chip’s state-of-the-art facility will produce display driver chips and expected to create over 3,500 direct and indirect jobs, build local supply chains, and attract ecosystem partners across the Semiconductor value chain.
With a planned capacity to process 20,000 wafers per month, the facility will play a pivotal role in meeting India’s growing domestic demand for semiconductor components while strengthening a resilient, self-reliant semiconductor supply chain, the company said.
The foundation stone was laid by the Prime Minister (virtually) in the presence of Uttar Pradesh Chief Minister Yogi Adityanath and Minister of Electronics and Information Technology, Ashwini Vaishnaw.
Speaking at the occasion, Yogi Adityanath, UP Chief Minister said that Jewar is emerging as a jewel not only for UP, but also for the country. The development of UP will depend on the Prime Minister’s vision for chips, he said.
“The Noida/ Greater Noida is not only becoming a hub not only for mobile manufacturing, but also leading in electronic components manufacturing. Under the Prime Minister’s vision, Uttar Pradesh is scaling up with skills and speed, which is clearly visible now,” the CM said.
Meanwhlile Vaishnaw said that the UP State currently contributes 50 per cent of the mobile manufacturing in the country and 25 per cent of the overall electronics manufacturing.
“Till today, mobiles, laptops, etc were manufactured here, but now chips will also be added from here. In one month, 3.60 crore chips would be rolled out from this facility…there are 18 colleges in UP where youths/ students are being trained for chip designing. There are a very places where students can participate in chip designing,” Vaishnaw added.
Roshni Nadar Malhotra, Chairperson, HCL Group, said that this project marks a significant new chapter in the HCL Group’s growth story and builds on its strong engineering legacy, which has long contributed to India’s technology and manufacturing ecosystem.
“I think development of this ecosystem is going to be very critical for display/ OSATs because for my understanding that’s securing supply chains around rare earths and some of that, which is going to be critical to build semiconductor ecosystem,” she added.
Published on February 21, 2026
