CORPORATE
HCL Group, Foxconn JV’s Jewar semiconductor plant gets Cabinet nod
- IBJ Bureau
- May 15, 2025
The Union Cabinet has approved a new semiconductor plant, a joint venture between the HCL Group and Taiwan’s Foxconn, costing Rs 3,706 crore, Information Minister Ashwini Vaishnaw has said.
The plant, which will be located near the Jewar airport in Uttar Pradesh, is designed for a capacity of 20,000 wafers per month and can produce 3.6 crore display driver chips, Mr Vaishnaw has said at a Cabinet briefing in New Delhi.
The facility, which is the sixth plant approved under the India Semiconductor Mission, will begin commercial production in 2027, he adds.
Prime Minister Narendra Modi has made chip-making a top priority for India’s economic strategy to boost its role in global electronics manufacturing, but the country currently has no operational chip-making facility.
Earlier this month, the Reuters had reported that billionaire Gautam Adani’s group had paused discussions with Israel’s Tower Semiconductor for a $10-billion chip project after an internal review had raised uncertainties around commercial demand.
The Maharashtra government had initially announced approval for the Adani-Tower venture in September, which was expected to produce 80,000 wafers monthly and create 5,000 jobs.
In 2023, Foxconn’s proposed $19.5-billion joint venture with conglomerate Vedanta had collapsed amid the government’s concerns over escalating project costs and delays in approving incentives.
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