Cabinet Approves ₹3,706 Cr HCL-Foxconn Semiconductor Joint Venture in UP's Jewar
New Delhi, May 13, 2025 —
In a major boost to India’s semiconductor manufacturing ambitions, the Union Cabinet has approved a ₹3,706 crore joint venture between HCL Group and Foxconn to set up a semiconductor assembly and testing facility in Jewar, Uttar Pradesh. The project is expected to create over 2,000 jobs and significantly boost India's position in the global semiconductor supply chain.
Project Highlights
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💰 Investment: ₹3,706 crore
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🏭 Location: Jewar, Greater Noida, Uttar Pradesh
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👨💻 Employment: 2,000+ direct jobs
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🤝 JV Partners: HCL Group & Foxconn
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📦 Type: ATMP (Assembly, Testing, Marking & Packaging) semiconductor plant
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🗓️ Timeline: Construction to begin by Q3 2025
Strategic Importance of the Project
This JV aligns with India’s ₹76,000 crore Semicon India Programme and aims to reduce dependency on imported chips by building a robust local semiconductor ecosystem.
Jewar, already the site for India's largest international airport under construction, is fast emerging as a key electronics manufacturing hub.
“This project is a significant milestone in our effort to make India a global semiconductor destination. It’s not just about chips, it’s about self-reliance and future tech leadership.”
— Ashwini Vaishnaw, Union IT & Telecom Minister
Make in India + Digital India Synergy
This plant is part of India’s broader ambitions to:
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Achieve semiconductor self-sufficiency
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Attract global tech giants to set up shop locally
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Boost employment in emerging tech sectors
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Strengthen the electronics manufacturing supply chain
Why Jewar Is Emerging as a Semiconductor Hub
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Proximity to the upcoming Jewar International Airport
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Part of the UP Electronics Manufacturing Policy
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Strong infrastructure and logistics ecosystem
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Supportive state incentives for ESDM (Electronics System Design & Manufacturing)
❓FAQs: HCL-Foxconn Semiconductor JV in Jewar
Q1. What has the Cabinet approved?
A: The Union Cabinet has approved a ₹3,706 crore JV between HCL and Foxconn to set up a semiconductor ATMP plant in Jewar, Uttar Pradesh.
Q2. What kind of facility will it be?
A: It will be an ATMP facility — focusing on Assembly, Testing, Marking, and Packaging of semiconductor chips.
Q3. How many jobs will be created?
A: Over 2,000 direct jobs are expected, with additional indirect employment across supporting sectors.
Q4. When will the plant be operational?
A: Construction is expected to begin in Q3 2025, with operations commencing by late 2026.
Q5. Why is this project important for India?
A: It supports India’s semiconductor self-reliance mission, reduces import dependency, and positions India as a future-ready electronics hub.
Reported by Benny on May 14, 2025.