Cabinet approves Rs 3,706 Cr HCL-Foxconn display chip plant to be set up in UP
Information and Broadcasting Minister Ashwini Vaishnaw said that the plant will make driver chips for displays used in mobile phones, laptops, automobiles, and other devices.
The Union Cabinet on Wednesday approved a Rs 3,706 crore semiconductor plant at Jewar in Uttar Pradesh, to be set up by the HCL-Foxconn joint venture to manufacture display driver chips for mobile phones, laptops, and automobiles.
The plant will have the capacity to handle 20,000 wafers per month, and 3.6 crore chips will be produced per month, Information and Broadcasting Minister Ashwini Vaishnaw said while briefing the media on the Cabinet decision.
The minister said that the plant will make driver chips for displays used in mobile phones, laptops, automobiles, and other devices.
"The Cabinet has approved a sixth semiconductor plant that will be set up in Jewar, Uttar Pradesh. It is a joint venture between HCL and Foxconn to manufacture display driver chips. These chips control the quality and format of the content displayed on screen. It is a very advanced technology that is being set up," Vaishnaw said.
Foxconn is the biggest manufacturer of electronic products, including Apple's iPhone.
"What we understand is that once this unit is there, then the display panel plant will also come to India. This will meet 40 per cent of India's capacity. It is a large plant. It will also meet the requirements of Foxconn for the rest of the world," Vaishnaw said.
These chips control the function and format of content on the screen of devices.
The HCL-Foxconn JV will become operational in 2027, the minister said. The plant is expected to create employment for 2,000 people, he noted.
The electronics manufacturing industry in India, at present, employs around 25 lakh people, he added.
"Semiconductors are basic components. It will have a multiplier effect on the entire electronics manufacturing in the country," Vaishnaw said.
Edited by Jyoti Narayan