May 15, 2025

In a significant development, the Indian government has approved a proposal for an investment of ₹3,076 crore by HCL and Foxconn to set up a semiconductor unit near Jewar airport in Uttar Pradesh. This move is expected to catalyze the display value chain ecosystem in the region. The investment is poised to boost manufacturing capabilities and create employment opportunities in the semiconductor sector. With the increasing demand for semiconductors globally, this strategic investment is set to bolster India's position in the semiconductor market. The semiconductor unit near Jewar airport is expected to leverage the proximity to the airport for efficient logistics and connectivity, thereby enhancing the competitiveness of the display value chain. HCL and Foxconn, renowned players in the tech industry, bringing their expertise and resources to this project signifies a significant step towards boosting semiconductor manufacturing in India. The establishment of this semiconductor unit aligns with the government's vision of promoting domestic manufacturing and attracting foreign investments to bolster the country's technological capabilities. By investing in semiconductor manufacturing, India aims to reduce its dependence on imported semiconductors and strengthen its position as a key player in the global semiconductor market. The approval of this sizable investment underscores the government's commitment to fostering growth and innovation in the semiconductor sector, ultimately contributing to the advancement of the country's technological landscape.

Read More at Thehindubusinessline →

Tags: Jewar airport, Hcl, Foxconn, Semiconductor unit, Investment,