Prime Minister Narendra Modi will headline the groundbreaking ceremony for a Rs 3,700 crore semiconductor plant in Jewar, Uttar Pradesh, on Saturday through video conferencing. Partnering Indian conglomerate HCL with global giant Foxconn, this project marks a pivotal step in positioning India as a semiconductor powerhouse.
Located in YEIDA’s Sector-28, spanning 48 acres near the Noida International Airport, the facility will operate as an OSAT unit dedicated to Display Driver ICs. These chips are indispensable in mobiles, laptops, automotive systems, and everyday gadgets, promising to meet surging domestic and international demand.
Funded under the ATMP scheme, the initiative seeks to enhance local production capabilities, curb reliance on foreign imports, and build resilient supply networks. Foxconn’s 40% equity includes an initial outlay of Rs 312 crore, expandable to Rs 424 crore, reflecting strong investor confidence.
Beyond manufacturing, the plant will drive innovation, upskill the workforce, and create thousands of high-quality jobs. This development strengthens India’s tech infrastructure, attracts further investments, and aligns with the vision of Atmanirbhar Bharat. The virtual event by PM Modi highlights government commitment to transformative industrial projects.