On Saturday, February 21, 2026, Prime Minister Narendra Modi participated in the groundbreaking ceremony for India Chip Private Limited, a 60:40 joint venture between the HCL Group and Foxconn (Hon Hai Technology Group).
Located at the Yamuna Expressway Industrial Development Authority (YEIDA) in Jewar, Greater Noida, this Outsourced Semiconductor Assembly and Test (OSAT) facility is a critical component of the India Semiconductor Mission (ISM) 2.0.
Project Blueprint: The Jewar Semiconductor Hub
The facility is strategically positioned near the upcoming Noida International Airport to leverage high-speed logistics for global exports.
- Investment: Approximately ₹3,700 crore (~$440 million).
- Capacity: Designed to process 20,000 wafers per month, which translates to roughly 36 million chips per month (approx. 430 million annually) at full capacity.
- Specialization: The plant will focus on Display Driver Integrated Circuits (DDICs)—the essential “brains” behind digital screens for smartphones, laptops, TVs, and automotive displays.
- Timeline: Commercial production is targeted to begin by early 2028.
Economic & Strategic Impact
This is the sixth major semiconductor unit approved under the national mission, marking North India’s first significant entry into the chip-making landscape.
- Job Creation: The project is expected to generate over 3,500 direct and indirect jobs for engineers, technicians, and specialized professionals.
- Import Substitution: Currently, India imports 100% of its display driver chips. This facility aims to meet nearly 25% of the total domestic requirement for these components.
- Supply Chain Resilience: By producing locally, the JV aims to export 20–30% of its output, integrating India more deeply into the global electronics value chain.
Leadership Perspectives
“Developed India will be possible only if it is self-reliant. ‘Made in India’ chips are the backbone of a Viksit Bharat, powering everything from AI and 6G to Defense and EVs.” — Narendra Modi, Prime Minister of India.
“This JV is a great example of how we build, operate, and localize in India. We are thankful to our partner HCL and the government for this milestone.” — Young Liu, Chairman, Foxconn.