HCL-Foxconn Semiconductor Unit

• 23 Feb 2026

On 21st February 2026, Prime Minister Narendra Modi virtually laid the foundation stone of the HCL-Foxconn Joint Venture project ‘India Chip Pvt. Ltd’ in the Yamuna Expressway Industrial Development Authority at Jewar in Greater Noida of Uttar Pradesh.

• The project supports India’s push for semiconductor self-reliance.
• It is part of the broader India Semiconductor Mission.
• The government has approved 10 semiconductor fabrication and packaging projects.
• Four semiconductor units are expected to begin production soon.
• The Chips to Startup programme aims to train 85,000 professionals.
• Rare Earth Corridors will support semiconductor and battery manufacturing.
• The unit is expected to generate employment and boost local ecosystems.
• Uttar Pradesh accounts for over half of India’s mobile phone manufacturing.
• Electronics manufacturing has grown nearly six-fold in the last 11 years.